Kevin Michael Barry - Jul 1, 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
Chief Financial Officer
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 1, 2023
Transactions value $
$809,715
Form type
4
Date filed
7/5/2023, 07:32 PM
Previous filing
Dec 19, 2022
Next filing
Jul 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$13.1K -395 -2.5% $33.26 15.4K Jul 1, 2023 Direct F1, F2
transaction PDCO Common Stock Award $200K +6.01K +39.11% $33.26 21.4K Jul 1, 2023 Direct F2, F3
holding PDCO Common Stock 1.55K Jul 1, 2023 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 $623K +18.7K $33.26 18.7K Jul 1, 2023 Common Stock 18.7K $33.26 Direct F5, F6
holding PDCO Employee Stock Options 7.88K Jul 1, 2023 Common Stock 7.88K $30.59 Direct F7, F8
holding PDCO Employee Stock Options 7.88K Jul 1, 2023 Common Stock 7.88K $30.77 Direct F9, F10
holding PDCO Employee Stock Options 11K Jul 1, 2023 Common Stock 11K $23.57 Direct F11, F12
holding PDCO Employee Stock Options 30K Jul 1, 2023 Common Stock 30K $22.25 Direct F13, F14
holding PDCO Employee Stock Options 12.4K Jul 1, 2023 Common Stock 12.4K $24.21 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 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 13,654 RSUs awarded in the years 2020 through 2022 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 2,121 units vest on 7/14/2023, 3,107 units vest on 12/15/2023, 1,441 units vest on 7/1/2024, 3,107 units vest on 12/15/2024, 763 units vest on 7/1/2025 and 3,115 units vest on 12/15/2025.
F3 Represents RSUs awarded on 7/1/2023 to Reporting Person pusuant to the Plan. The RSUs awarded vest, assuming continued employment, 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F4 Represents shares of common stock indirectly held by the Report Person's Employee Stock Ownership Plan (ESOP) account through May 1, 2023.
F5 Stock options granted pursuant to the Plan on 7/1/2023.
F6 Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
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 grants 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 grants 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 grants pursuant to the Plan on 8/1/2018.
F16 Options are exercisable as follows: 33.3% on 8/1/2019, 33.3% on 8/1/2020 and 33.4% on 8/1/2021.