Mark S. Walchirk - Jul 1, 2021 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President & CEO, Director
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 1, 2021
Transactions value $
$4,789,166
Form type
4
Date filed
7/6/2021, 04:41 PM
Previous filing
Jul 2, 2021
Next filing
Dec 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$91K -2.96K -0.99% $30.77 296K Jul 1, 2021 Direct F1, F2, F3
transaction PDCO Common Stock Award $1M +32.5K +10.99% $30.77 328K Jul 1, 2021 Direct F2, F3, F4
holding PDCO Common Stock 1.22K 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 $3.88M +126K $30.77 126K Jul 1, 2021 Common Stock 126K $30.77 Direct F6, F7
holding PDCO Employee Stock Options 179K Jul 1, 2021 Common Stock 179K $23.57 Direct F8, F9
holding PDCO Employee Stock Options 244K Jul 1, 2021 Common Stock 244K $22.25 Direct F10, F11
holding PDCO Employee Stock Options 100K Jul 1, 2021 Common Stock 100K $22.48 Direct F12
holding PDCO Employee Stock Options 52.8K Jul 1, 2021 Common Stock 52.8K $35.41 Direct F13
* 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 88,891 RSUs awarded on 12/1/2017, 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: 1,824 units vest 12/1/2021, 43,644 units vest 7/1/2022, 1,824 units vest 12/1/2022, 7,127 units vest 7/1/2023 and 34,472 units vest 7/14/2023.
F3 Includes 104,074 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 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 help 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 12/1/2017.