MARK S. WALCHIRK - 01 Jul 2022 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President & CEO, Director
Signature
Les B. Korsh, by Power of Attorney
Issuer symbol
PDCO
Transactions as of
01 Jul 2022
Net transactions value
+$2,771,056
Form type
4
Filing time
06 Jul 2022, 18:47:16 UTC
Previous filing
05 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability $1,483,370 -48,492 -15% $30.59 279,804 01 Jul 2022 Direct F1, F2
transaction PDCO Common Stock Tax liability $579,313 -18,938 -6.8% $30.59 260,866 01 Jul 2022 Direct F3, F4
transaction PDCO Common Stock Award $1,087,505 +35,551 +14% $30.59 296,417 01 Jul 2022 Direct F4, F5
holding PDCO Common Stock 1,246 01 Jul 2022 By ESOP F6

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 $3,746,235 +122,466 $30.59 122,466 01 Jul 2022 Common Stock 122,466 $30.59 Direct F7, F8
holding PDCO Employee Stock Options 126,103 01 Jul 2022 Common Stock 126,103 $30.77 Direct F9, F10
holding PDCO Employee Stock Options 178,965 01 Jul 2022 Common Stock 178,965 $23.57 Direct F11, F12
holding PDCO Employee Stock Options 243,994 01 Jul 2022 Common Stock 243,994 $22.25 Direct F13, F14
holding PDCO Employee Stock Options 99,956 01 Jul 2022 Common Stock 99,956 $22.48 Direct F15
holding PDCO Employee Stock Options 52,764 01 Jul 2022 Common Stock 52,764 $35.41 Direct F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 1, 2022, the restricted stock unit ("RSU") equivalents vested per the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan) and were paid out in common stock. The Company withheld shares to satisfy the tax liability associated with the vesting.
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 Represents shares of common stock withheld to satisfy a portion of tax liability upon the lapse of restrictions on RSUs issued pursuant to the Plan.
F4 Includes an aggregate of 65,091 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 employment as follows: 1,824 units vest 12/1/2022, 17,958 units vest 7/1/2023, 34,472 units vest 7/14/2023 and 10,837 units vest 7 /1/2024.
F5 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.
F6 Represents shares of common stock indirectly help by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through April 29, 2022.
F7 Stock options granted pursuant to the Plan on 7/1/2022.
F8 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
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 7/14/2020.
F12 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F13 Stock options granted pursuant to the Plan on 7/1/2019.
F14 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F15 Stock options granted pursuant to the Plan on 7/1/2018.
F16 Stock options granted pursuant to the Plan on 12/1/2017.