Les B. Korsh - Jul 1, 2021 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
VP, General Counsel
Signature
Les B. Korsh
Stock symbol
PDCO
Transactions as of
Jul 1, 2021
Transactions value $
$650,139
Form type
4
Date filed
7/6/2021, 04:38 PM
Previous filing
Jun 15, 2021
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$20.9K -679 -0.79% $30.77 85K Jul 1, 2021 Direct F1, F2, F3
transaction PDCO Common Stock Award $138K +4.47K +5.26% $30.77 89.5K Jul 1, 2021 Direct F2, F3, F4
holding PDCO Common Stock 1.98K Jul 1, 2021 By ESOP F5

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
transaction PDCO Employee Stock Options Award $534K +17.3K $30.77 17.3K Jul 1, 2021 Common Stock 17.3K $30.77 Direct F6, F7
holding PDCO Employee Stock Options 24.8K Jul 1, 2021 Common Stock 24.8K $23.57 Direct F8, F9
holding PDCO Employee Stock Options 33.8K Jul 1, 2021 Common Stock 33.8K $22.25 Direct F10, F11
holding PDCO Employee Stock Options 14.2K Jul 1, 2021 Common Stock 14.2K $22.48 Direct F12
holding PDCO Employee Stock Options 11.8K Jul 1, 2021 Common Stock 11.8K $47.51 Direct F13
holding PDCO Employee Stock Options 10.4K Jul 1, 2021 Common Stock 10.4K $48.47 Direct F14
holding PDCO Employee Stock Options 25K Jul 1, 2021 Common Stock 25K $56.66 Direct F15, F16
* 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 an aggregate of 12,168 RSUs awarded on 7/1/2017, 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: 6,449 units vest on 7/1/2022, 946 units vest on 7/1/2023 and 4,773 units vest on 7/14/2023.
F3 Includes 14,410 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 RSU equivalents will automatically convert into shares of common stock.
F4 Represents RSUs awarded on 7/1/2021 to Reporting Person pursuant to the Plan. The RSUs awarded vest, assuming continued employment, 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F5 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan (ESOP) account through May 21, 2021.
F6 Stock options granted pursuant to the Plan on 7/1/2021.
F7 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F8 Stock options granted pursuant to the Plan on 7/14/2020.
F9 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F10 Stock options granted pursuant to the Plan on 7/1/2019.
F11 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F12 Stock options granted pursuant to the Plan on 7/1/2018.
F13 Stock options granted pursuant to the Plan on 7/1/2017.
F14 Stock options granted pursuant to the Plan on 7/1/2016.
F15 Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
F16 Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.