Donald Zurbay - Jul 5, 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 5, 2023
Transactions value $: -$53,878
Form type: 4
Date filed: 7/6/2023, 02:56 PM
Previous filing: Jul 5, 2023
Next filing: Jul 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDCO	Common Stock	Sale	-$53.9K	-1.67K	-1.15%	$32.34	144K	Jul 5, 2023	Direct	F1, F2
holding	PDCO	Common Stock						1.15K	Jul 5, 2023	By ESOP	F3

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
holding	PDCO	Employee Stock Options						93.6K	Jul 5, 2023	Common Stock	93.6K	$33.26	Direct	F4, F5
holding	PDCO	Employee Stock Options						134K	Jul 5, 2023	Common Stock	134K	$28.99	Direct	F6, F7
holding	PDCO	Employee Stock Options						35.9K	Jul 5, 2023	Common Stock	35.9K	$30.59	Direct	F8, F9
holding	PDCO	Employee Stock Options						37.8K	Jul 5, 2023	Common Stock	37.8K	$30.77	Direct	F10, F11
holding	PDCO	Employee Stock Options						57.8K	Jul 5, 2023	Common Stock	57.8K	$23.57	Direct	F5, F12
holding	PDCO	Employee Stock Options						78.8K	Jul 5, 2023	Common Stock	78.8K	$22.25	Direct	F13, F14
holding	PDCO	Employee Stock Options						33.4K	Jul 5, 2023	Common Stock	33.4K	$22.48	Direct	F15
holding	PDCO	Employee Stock Options						99.3K	Jul 5, 2023	Common Stock	99.3K	$22.67	Direct	F16

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on April 5, 2023.
F2	Includes an aggregate of 91,071 restricted stock units ("RSUs") awarded in the years 2020 through 2023 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, 16,735 units vest 7/1/2024, 13,210 units vest 12/1/2024, 13,488 units vest 7/1/2025, 13,249 units vest on 12/1/2025 and 10,042 units vest 7/1/2026.
F3	Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through May 1, 2023.
F4	Stock options granted pursuant to the Plan on 7/1/2023.
F5	Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F6	Stock options granted pursuant to the Plan on 12/5/2022.
F7	Options are excercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
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	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 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.