Les B. Korsh - Jul 1, 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
CLO & Corporate Secretary
Signature
Les B. Korsh
Stock symbol
PDCO
Transactions as of
Jul 1, 2023
Transactions value $
$1,096,682
Form type
4
Date filed
7/5/2023, 07:33 PM
Previous filing
Jun 23, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$34.7K -1.04K -1.54% $33.26 66.9K Jul 1, 2023 Direct F1, F2
transaction PDCO Common Stock Award $275K +8.27K +12.36% $33.26 75.2K Jul 1, 2023 Direct F2, F3
holding PDCO Common Stock 2.12K 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 $856K +25.7K $33.26 25.7K Jul 1, 2023 Common Stock 25.7K $33.26 Direct F5, F6
holding PDCO Employee Stock Options 16.9K Jul 1, 2023 Common Stock 16.9K $30.59 Direct F7, F8
holding PDCO Employee Stock Options 17.3K Jul 1, 2023 Common Stock 17.3K $30.77 Direct F9, F10
holding PDCO Employee Stock Options 24.8K Jul 1, 2023 Common Stock 24.8K $23.57 Direct F11, F12
holding PDCO Employee Stock Options 33.8K Jul 1, 2023 Common Stock 33.8K $22.25 Direct F13, F14
holding PDCO Employee Stock Options 14.2K Jul 1, 2023 Common Stock 14.2K $22.48 Direct F15
holding PDCO Employee Stock Options 11.8K Jul 1, 2023 Common Stock 11.8K $47.51 Direct F16
holding PDCO Employee Stock Options 10.4K Jul 1, 2023 Common Stock 10.4K $48.47 Direct F17
holding PDCO Employee Stock Options 25K Jul 1, 2023 Common Stock 25K $56.66 Direct F18, F19
* 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 9,533 RSUs awarded in the years 2020 through 2022 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 4,773 units vest 7/14/2023, 3,125 units vest 7/1/2024 and 1,635 units vest 7/1/2025.
F3 Represents RSUs awarded on 7/1/2023 to Reporting Person pursuant 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 Reporting 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 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 7/1/2017.
F17 Stock options granted pursuant to the Plan on 7/1/2016.
F18 Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
F19 Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.