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

Role
President - Animal Health
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 1, 2023
Transactions value $
$1,210,963
Form type
4
Date filed
7/5/2023, 07:34 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 -$23.3K -701 -0.65% $33.26 106K Jul 1, 2023 Direct F1, F2, F3
transaction PDCO Common Stock Award $300K +9.02K +8.48% $33.26 115K Jul 1, 2023 Direct F2, F4
holding PDCO Common Stock 1.78K Jul 1, 2023 By ESOP F5

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 $934K +28.1K $33.26 28.1K Jul 1, 2023 Common Stock 28.1K $33.26 Direct F6, F7
holding PDCO Employee Stock Options 18.3K Jul 1, 2023 Common Stock 18.3K $30.59 Direct F8, F9
holding PDCO Employee Stock Options 18.9K Jul 1, 2023 Common Stock 18.9K $30.77 Direct F10, F11
holding PDCO Employee Stock Options 24.8K Jul 1, 2023 Common Stock 24.8K $23.57 Direct F12, F13
holding PDCO Employee Stock Options 33.8K Jul 1, 2023 Common Stock 33.8K $22.25 Direct F14, F15
holding PDCO Employee Stock Options 13.3K Jul 1, 2023 Common Stock 13.3K $22.48 Direct F16
holding PDCO Employee Stock Options 5.54K Jul 1, 2023 Common Stock 5.54K $39.23 Direct F17
holding PDCO Employee Stock Options 13.9K Jul 1, 2023 Common Stock 13.9K $47.51 Direct F18
* 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 18,014 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, 2,688 units vest 12/1/2023, 3,396 units vest 7/1/2024, 2,688 units vest 12/15/2024, 1,772 units vest on 7/1/2025 and 2,697 units vest 12/15/2025.
F3 Represents an aggregate of 381 shares withheld for potential tax liability associated with Reporting Person's eligibility for "retirement" under the Plan.
F4 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.
F5 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan (ESOP) account through May 1, 2023.
F6 Stock options granted pursuant to the Plan on 7/1/2023.
F7 Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F8 Stock options granted pursuant to the Plan on 7/1/2022.
F9 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F10 Stock options granted pursuant to the Plan on 7/1/2021.
F11 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F12 Stock options granted pursuant to the Plan on 7/14/2020.
F13 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F14 Stock options granted pursuant to the Plan on 7/1/2019.
F15 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F16 Stock options granted pursuant to the Plan on 7/1/2018.
F17 Stock option granted pursuant to the Plan on 8/7/2017.
F18 Stock option granted pursuant to the Plan on 7/1/2017.