Andrea Frohning - May 21, 2021 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
Chief Human Resources Officer
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
May 21, 2021
Transactions value $
-$94,307
Form type
4
Date filed
5/25/2021, 01:29 PM
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$94.3K -2.72K -6.8% $34.71 37.2K May 21, 2021 Direct F1, F2, F3
holding PDCO Common Stock 680 May 21, 2021 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 22K May 21, 2021 Common Stock 22K $23.57 Direct F5, F6
holding PDCO Employee Stock Options 30K May 21, 2021 Common Stock 30K $22.25 Direct F7, F8
holding PDCO Employee Stock Options 10K May 21, 2021 Common Stock 10K $22.48 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld for payment of taxes incurred 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 10,739 RSUs awarded on 7/1/2018, 7/1/2019 and 7/14/2020 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 667 units vest 7/1/2021, 5,161 units vest 7/1/2022, 668 units vest 7/1/2023 and 4,243 units vest 7/14/2023.
F3 Includes 12,810 RSU equivalents attributable to the July 1, 2020 determination by the Compensation Committee that the performance criteria for the period of April 27, 2019 through April 25, 2020 applicable to non-derivative performance units issued on July 1, 2019 had been satisfied. Subject to continued employment of the Reporting Person through July 1, 2022, the restricted stock unit equivalents will automatically convert into shares of common stock.
F4 Represents shares of common stock indirectly held by Reporting Person's Employee Stock Ownership Plan ("ESOP") account through April 25, 2020.
F5 Stock options granted pursuant to the Plan on 7/14/2020.
F6 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F7 Stock options granted pursuant to the Plan on 7/1/2019.
F8 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F9 Stock options granted pursuant to the Plan on 7/1/2018.