TIMOTHY E. ROGAN - 05 Jul 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President - Dental
Signature
Les B. Korsh, by Power of Attorney
Issuer symbol
PDCO
Transactions as of
05 Jul 2023
Net transactions value
+$751,909
Form type
4
Filing time
05 Jul 2023, 19:35:26 UTC
Previous filing
30 Aug 2022
Next filing
18 Jul 2023
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 $19,490 -586 -1.3% $33.26 44,966 01 Jul 2023 Direct F1, F2
transaction PDCO Common Stock Award $187,487 +5,637 +13% $33.26 50,603 01 Jul 2023 Direct F2, F3
holding PDCO Common Stock 16,927 05 Jul 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 $583,913 +17,556 $33.26 17,556 01 Jul 2023 Common Stock 17,556 $33.26 Direct F5, F6
holding PDCO Employee Stock Options 15,484 05 Jul 2023 Common Stock 15,484 $30.59 Direct F7, F8
holding PDCO Employee Stock Options 9,142 05 Jul 2023 Common Stock 9,142 $29.91 Direct F9, F10
holding PDCO Employee Stock Options 7,093 05 Jul 2023 Common Stock 7,093 $30.77 Direct F11, F12
holding PDCO Employee Stock Options 33,784 05 Jul 2023 Common Stock 33,784 $22.25 Direct F13, F14
holding PDCO Employee Stock Options 13,941 05 Jul 2023 Common Stock 13,941 $24.21 Direct F15, F16
holding PDCO Employee Stock Options 40,000 05 Jul 2023 Common Stock 40,000 $56.66 Direct F17, 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 8,323 RSUs awarded in the years 2020 through 2022 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 3,183 units vest on 7/14/2023; 766 units vest on 7/19/2023; 2,108 units vest on 7/1/2024; 767 units vest on 7/19/2024; 1,499 units vest on 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 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 7/19/2021.
F10 Options are exercisable as follows: 33.3% on 7/19/2022, 33.3% on 7/19/2023 and 33.4% on 7/19/2024.
F11 Stock options granted pursuant to the Plan on 7/1/2021.
F12 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
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 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.
F17 Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
F18 Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.