Kevin Michael Barry - Jul 14, 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
Chief Financial Officer
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 14, 2023
Transactions value $
$107,146
Form type
4
Date filed
7/18/2023, 05:00 PM
Previous filing
Jul 5, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$16.2K -506 -2.37% $32.07 20.9K Jul 14, 2023 Direct F1, F2
transaction PDCO Common Stock Award $176K +5.5K +26.34% $32.07 26.4K Jul 14, 2023 Direct F2, F3
transaction PDCO Common Stock Tax liability -$53K -1.65K -6.27% $32.07 24.7K Jul 14, 2023 Direct F2, F4
holding PDCO Common Stock 1.55K Jul 14, 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
holding PDCO Employee Stock Options 18.7K Jul 14, 2023 Common Stock 18.7K $33.26 Direct F6, F7
holding PDCO Employee Stock Options 7.88K Jul 14, 2023 Common Stock 7.88K $30.59 Direct F8, F9
holding PDCO Employee Stock Options 7.88K Jul 14, 2023 Common Stock 7.88K $30.77 Direct F10, F11
holding PDCO Employee Stock Options 11K Jul 14, 2023 Common Stock 11K $23.57 Direct F12, F13
holding PDCO Employee Stock Options 30K Jul 14, 2023 Common Stock 30K $22.25 Direct F14, F15
holding PDCO Employee Stock Options 12.4K Jul 14, 2023 Common Stock 12.4K $24.21 Direct F16, 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 pursuant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan").
F2 Includes an aggregate of 17,546 RSUs awarded in the years 2020 through 2023 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 3,107 units vest on 12/15/2023, 3,444 units vest on 7/1/2024, 3,107 units vest on 12/15/2024, 2,766 units vest on 7/1/2025, 3,115 units vest on 12/15/2025 and 2,007 units vest on 7/1/2026.
F3 Represents shares earned upon satisfaction of performance criteria applicable to non-derivative performance share units.
F4 Represents shares of common stock withheld to satisfy a portion of tax liability upon the vesting of performance share units.
F5 Represents shares of common stock indirectly held by the Report 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 grants 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 grants 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 grants pursuant to the Plan on 8/1/2018.
F17 Options are exercisable as follows: 33.3% on 8/1/2019, 33.3% on 8/1/2020 and 33.4% on 8/1/2021.