Kevin Michael Barry - 13 Dec 2024 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
CFO
Signature
Les B. Korsh, by Power of Attorney
Issuer symbol
PDCO
Transactions as of
13 Dec 2024
Net transactions value
-$25,082
Form type
4
Filing time
17 Dec 2024, 17:35:35 UTC
Previous filing
08 Jul 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 $25,082 -807 -1.9% $31.08 40,798 13 Dec 2024 Direct F1, F2
holding PDCO Common Stock 1,676 13 Dec 2024 By ESOP F3

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 18,727 13 Dec 2024 Common Stock 18,727 $33.26 Direct F4, F5
holding PDCO Employee Stock Options 7,883 13 Dec 2024 Common Stock 7,883 $30.59 Direct F6, F7
holding PDCO Employee Stock Options 7,881 13 Dec 2024 Common Stock 7,881 $30.77 Direct F8, F9
holding PDCO Employee Stock Options 11,013 13 Dec 2024 Common Stock 11,013 $23.57 Direct F10, F11
holding PDCO Employee Stock Options 30,030 13 Dec 2024 Common Stock 30,030 $22.25 Direct F12, F13
holding PDCO Employee Stock Options 12,392 13 Dec 2024 Common Stock 12,392 $24.21 Direct F14, F15
* 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 of 27,611 RSUs awarded in the years 2022 through 2024 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 9,334 units vest on 7/1/2025, 3,111 units vest on 12/15/2025, 8,578 units vest on 7/1/2026 and 6,588 units vest on 7/1/2027.
F3 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through November 4, 2024.
F4 Stock options granted pursuant to the Plan on 7/1/2023.
F5 Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F6 Stock options granted pursuant to the Plan on 7/1/2022.
F7 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F8 Stock options granted pursuant to the Plan on 7/1/2021.
F9 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F10 Stock options granted pursuant to the Plan on 7/14/2020.
F11 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F12 Stock options granted pursuant to the Plan on 7/1/2019.
F13 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F14 Stock options granted pursuant to the Plan on 8/1/2018.
F15 Options are exercisable as follows: 33.3% on 8/1/2019, 33.3% on 8/1/2020 and 33.4% on 8/1/2021.