Donald Zurbay - Dec 5, 2022 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 5, 2022
Transactions value $: $5,035,621
Form type: 4
Date filed: 12/6/2022, 04:44 PM
Previous filing: Jul 7, 2022
Next filing: Jun 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDCO	Common Stock	Award	$1.15M	+39.7K	+50.84%	$28.99	118K	Dec 5, 2022	Direct	F1, F2
holding	PDCO	Common Stock						1.13K	Dec 5, 2022	By ESOP	F3

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	$3.89M	+134K		$28.99	134K	Dec 5, 2022	Common Stock	134K	$28.99	Direct	F4, F5
holding	PDCO	Employee Stock Options						35.9K	Dec 5, 2022	Common Stock	35.9K	$30.59	Direct	F6, F7
holding	PDCO	Employee Stock Options						37.8K	Dec 5, 2022	Common Stock	37.8K	$30.77	Direct	F8, F9
holding	PDCO	Employee Stock Options						57.8K	Dec 5, 2022	Common Stock	57.8K	$23.57	Direct	F10, F11
holding	PDCO	Employee Stock Options						78.8K	Dec 5, 2022	Common Stock	78.8K	$22.25	Direct	F12, F13
holding	PDCO	Employee Stock Options						33.4K	Dec 5, 2022	Common Stock	33.4K	$22.48	Direct	F14
holding	PDCO	Employee Stock Options						99.3K	Dec 5, 2022	Common Stock	99.3K	$22.67	Direct	F15

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSU") equivalents awarded on 12/5/2022 pursuant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan). The RSUs awarded vest, assuming continued employment, 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F2	Includes an aggregate of 30,283 RSUs awarded on 7/1/2018, 7/1/2019, 7/14/2020, 7/1/2021 and 7/1/2022 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon employment as follows: 8,944 units vest 7/1/2023, 11,137 units vest 7/14/2023, 6,722 units vest 7/1/2024 and 3,480 units vest 7/1/2025.
F3	Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through November 7, 2022.
F4	Stock options granted pursuant to the Plan on 12/5/2022.
F5	Options are excercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F6	Stock options granted pursuant to the Plan on 7/1/2022.
F7	Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F8	Stock options granted pursuant to the Plan on 7/1/2021.
F9	Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F10	Stock options granted pursuant to the Plan on 7/14/2020.
F11	Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F12	Stock options granted pursuant to the Plan on 7/1/2019.
F13	Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F14	Stock options granted pursuant to the Plan on 7/1/2018.
F15	Stock options granted as an inducement award granted outside the Plan on 6/29/2018. The stock options granted would vest pro-rata over the course of 3 years, with one-third of the shares vesting on 6/29/2019, one-third vesting on 6/29/2020, and the remaining one-third vesting 6/29/2021, in all cases subject to continued employments.