Donald Zurbay - Jul 1, 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President & CEO, Director
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 1, 2023
Transactions value $
$4,038,329
Form type
4
Date filed
7/5/2023, 07:39 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 -$75.9K -2.28K -1.94% $33.26 115K Jul 1, 2023 Direct F1, F2
transaction PDCO Common Stock Award $1M +30.1K +26.05% $33.26 145K Jul 1, 2023 Direct F2, F3
holding PDCO Common Stock 1.15K 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 $3.11M +93.6K $33.26 93.6K Jul 1, 2023 Common Stock 93.6K $33.26 Direct F5, F6
holding PDCO Employee Stock Options 134K Jul 1, 2023 Common Stock 134K $28.99 Direct F7, F8
holding PDCO Employee Stock Options 35.9K Jul 1, 2023 Common Stock 35.9K $30.59 Direct F9, F10
holding PDCO Employee Stock Options 37.8K Jul 1, 2023 Common Stock 37.8K $30.77 Direct F11, F12
holding PDCO Employee Stock Options 57.8K Jul 1, 2023 Common Stock 57.8K $23.57 Direct F6, F13
holding PDCO Employee Stock Options 78.8K Jul 1, 2023 Common Stock 78.8K $22.25 Direct F14, F15
holding PDCO Employee Stock Options 33.4K Jul 1, 2023 Common Stock 33.4K $22.48 Direct F16
holding PDCO Employee Stock Options 99.3K Jul 1, 2023 Common Stock 99.3K $22.67 Direct F17
* 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 purusant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan").
F2 Includes an aggregate of 61,005 RSUs awarded in the years 2020 through 2022 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 11,137 units vest 7/14/2023, 13,210 units vest 12/1/2023, 6,723 units vest 7/1/2024, 13,210 units vest 12/1/2024, 3,476 units vest 7/1/2025 and 13,249 units vest on 12/1/2025.
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 12/5/2022.
F8 Options are excercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F9 Stock options granted pursuant to the Plan on 7/1/2022.
F10 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
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 7/14/2020.
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 options granted as an inducement award granted outside the Plan on 6/29/2018. The stock options granted would vest pro-rata over the course of 3 years, with one-third of the shares vesting on 6/29/2019, one-third vesting on 6/29/2020, and the remaining one-third vesting 6/29/2021, in all cases subject to continued employments.