Mark S. Walchirk - Dec 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
Dec 1, 2021
Transactions value $
-$21,570
Form type
4
Date filed
12/2/2021, 04:42 PM
Previous filing
Jul 6, 2021
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$21.6K -719 -0.22% $30.00 327K Dec 1, 2021 Direct F1, F2, F3
holding PDCO Common Stock 1.22K Dec 1, 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 126K Dec 1, 2021 Common Stock 126K $30.77 Direct F5, F6
holding PDCO Employee Stock Options 179K Dec 1, 2021 Common Stock 179K $23.57 Direct F7, F8
holding PDCO Employee Stock Options 244K Dec 1, 2021 Common Stock 244K $22.25 Direct F9, F10
holding PDCO Employee Stock Options 100K Dec 1, 2021 Common Stock 100K $22.48 Direct F11
holding PDCO Employee Stock Options 52.8K Dec 1, 2021 Common Stock 52.8K $35.41 Direct F12
* 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 119,566 RSUs awarded on 12/1/2017, 7/1/2018, 7/1/2019, 7/14/2020 and 7/1/2021 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 54,476 units vest 7/1/2022, 1,824 units vest 12/1/2022, 17,959 units vest 7/1/2023, 34,472 units vest 7/14/2023 and 10,835 units vest 7/1/2024.
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 shares of common stock indirectly help by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through May 21, 2021.
F5 Stock options granted pursuant to the Plan on 7/1/2021.
F6 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F7 Stock options granted pursuant to the Plan on 7/14/2020.
F8 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F9 Stock options granted pursuant to the Plan on 7/1/2019.
F10 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F11 Stock options granted pursuant to the Plan on 7/1/2018.
F12 Stock options granted pursuant to the Plan on 12/1/2017.