Donald J. Zurbay - 05 Dec 2024 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President & CEO, Director
Signature
Les B. Korsh, by Power of Attorney
Issuer symbol
PDCO
Transactions as of
05 Dec 2024
Net transactions value
-$167,966
Form type
4
Filing time
09 Dec 2024, 18:00:28 UTC
Previous filing
18 Sep 2024
Next filing
17 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability $122,688 -5,374 -2.3% $22.83 224,698 05 Dec 2024 Direct F1, F2
transaction PDCO Common Stock Sale $45,278 -1,962 -0.87% $23.08 222,736 09 Dec 2024 Direct F2, F3
holding PDCO Common Stock 1,243 05 Dec 2024 By ESOP F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PDCO Employee Stock Options 93,633 05 Dec 2024 Common Stock 93,633 $33.26 Direct F5, F6
holding PDCO Employee Stock Options 134,033 05 Dec 2024 Common Stock 134,033 $28.99 Direct F7, F8
holding PDCO Employee Stock Options 35,895 05 Dec 2024 Common Stock 35,895 $30.59 Direct F9, F10
holding PDCO Employee Stock Options 37,831 05 Dec 2024 Common Stock 37,831 $30.77 Direct F11, F12
holding PDCO Employee Stock Options 57,819 05 Dec 2024 Common Stock 57,819 $23.57 Direct F13, F14
holding PDCO Employee Stock Options 78,829 05 Dec 2024 Common Stock 78,829 $22.25 Direct F15, F16
holding PDCO Employee Stock Options 33,363 05 Dec 2024 Common Stock 33,363 $22.48 Direct F17
holding PDCO Employee Stock Options 99,250 05 Dec 2024 Common Stock 99,250 $22.67 Direct F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld to satisfy a portion of tax liability upon the lapse of restrictions on restricted stock units ("RSUs") issued pursuant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan").
F2 Includes an aggregate 131,233 RSUs awarded in the years 2022 through 2024 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon employment as follows: 44,948 units vest on 7/1/2025, 13,226 units vest on 12/5/2025, 41,504 units vest on 7/1/2026 and 31,555 units vest on 7/1/2027.
F3 The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 Plan adopted by Reporting Person on September 25, 2023 Amended March 12, 2024.
F4 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through November 4, 2024.
F5 Stock options granted pursuant to the Plan on 7/1/2023.
F6 Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F7 Stock options granted pursuant to the Plan on 12/5/2022.
F8 Options are exercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F9 Stock options granted pursuant to the Plan on 7/1/2022.
F10 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F11 Stock options granted pursuant to the Plan on 7/1/2021.
F12 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F13 Stock options granted pursuant to the Plan on 7/14/2020.
F14 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F15 Stock options granted pursuant to the Plan on 7/1/2019.
F16 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F17 Stock options granted pursuant to the Plan on 7/1/2018.
F18 Stock options granted as an inducement award granted outside the Plan on 6/29/2018. The stock options granted would vest pro-rata over the course of 3 years, with one-third of the shares vesting on 6/29/2019, one-third vesting on 6/29/2020, and the remaining one-third vesting 6/29/2021, in all cases subject to continued employment.