Timothy E. Rogan - Jul 5, 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role: President - Dental
Signature: Les B. Korsh, by Power of Attorney
Stock symbol: PDCO
Transactions as of: Jul 5, 2023
Transactions value $: $751,909
Form type: 4
Date filed: 7/5/2023, 07:35 PM
Previous filing: Aug 30, 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	-$19.5K	-586	-1.29%	$33.26	45K	Jul 1, 2023	Direct	F1, F2
transaction	PDCO	Common Stock	Award	$187K	+5.64K	+12.54%	$33.26	50.6K	Jul 1, 2023	Direct	F2, F3
holding	PDCO	Common Stock						16.9K	Jul 5, 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	$584K	+17.6K		$33.26	17.6K	Jul 1, 2023	Common Stock	17.6K	$33.26	Direct	F5, F6
holding	PDCO	Employee Stock Options						15.5K	Jul 5, 2023	Common Stock	15.5K	$30.59	Direct	F7, F8
holding	PDCO	Employee Stock Options						9.14K	Jul 5, 2023	Common Stock	9.14K	$29.91	Direct	F9, F10
holding	PDCO	Employee Stock Options						7.09K	Jul 5, 2023	Common Stock	7.09K	$30.77	Direct	F11, F12
holding	PDCO	Employee Stock Options						33.8K	Jul 5, 2023	Common Stock	33.8K	$22.25	Direct	F13, F14
holding	PDCO	Employee Stock Options						13.9K	Jul 5, 2023	Common Stock	13.9K	$24.21	Direct	F15, F16
holding	PDCO	Employee Stock Options						40K	Jul 5, 2023	Common Stock	40K	$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.