Timothy E. Rogan - Jul 1, 2022 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President - Dental
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 1, 2022
Transactions value $
$590,999
Form type
4
Date filed
7/6/2022, 06:46 PM
Previous filing
Feb 22, 2022
Next filing
Jul 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$20.2K -659 -1.54% $30.59 42.1K Jul 1, 2022 Direct F1, F2
transaction PDCO Common Stock Award $138K +4.5K +10.68% $30.59 46.6K Jul 1, 2022 Direct F2, F3
holding PDCO Common Stock 16.9K Jul 1, 2022 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
transaction PDCO Employee Stock Options Award $474K +15.5K $30.59 15.5K Jul 1, 2022 Common Stock 15.5K $30.59 Direct F5, F6
holding PDCO Employee Stock Options 9.14K Jul 1, 2022 Common Stock 9.14K $29.91 Direct F7, F8
holding PDCO Employee Stock Options 7.09K Jul 1, 2022 Common Stock 7.09K $30.77 Direct F9, F10
holding PDCO Employee Stock Options 33.8K Jul 1, 2022 Common Stock 33.8K $22.25 Direct F11, F12
holding PDCO Employee Stock Options 13.9K Jul 1, 2022 Common Stock 13.9K $24.21 Direct F13, F14
holding PDCO Employee Stock Options 40K Jul 1, 2022 Common Stock 40K $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 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 9,883 RSUs awarded in the years 2018 through 2021 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 3,181 units vest on 7/14/2022, 765 units vest on 7/19/2022, 609 units vest on 7/1/2023, 3,184 units vest on 7/14/2023, 765 units vest on 7/19/2023, 610 units vest on 7/1/2024 and 769 units vest on 7/19/2024.
F3 Represents RSUs awarded on 7/1/2022 to Reporting Person pursuant to the Plan. The RSUs awarded vest, assuming continued employment, 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F4 Represents shares of common stock indirectly held by the Report Person's Employee Stock Ownership Plan (ESOP) account through April 29, 2022.
F5 Stock options granted pursuant to the Plan on 7/1/2022.
F6 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F7 Stock options granted pursuant to the Plan on 7/19/2021.
F8 Options are exercisable as follows: 33.3% on 7/19/2022, 33.3% on 7/19/2023 and 33.4% on 7/19/2024.
F9 Stock options granted pursuant to the Plan on 7/1/2021.
F10 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F11 Stock options granted pursuant to the Plan on 7/1/2019.
F12 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F13 Stock options granted pursuant to the Plan on 8/1/2018.
F14 Options are exercisable as follows: 33.3% on 8/1/2019, 33.3% on 8/1/2020 and 33.4% on 8/1/2021.
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.