Les B. Korsh - 14 Jul 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
CLO & Corporate Secretary
Signature
Les B. Korsh
Issuer symbol
PDCO
Transactions as of
14 Jul 2023
Net transactions value
+$241,038
Form type
4
Filing time
18 Jul 2023, 17:01:53 UTC
Previous filing
06 Jul 2023
Next filing
19 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 $36,528 -1,139 -1.5% $32.07 73,126 14 Jul 2023 Direct F1, F2
transaction PDCO Common Stock Award $396,834 +12,374 +17% $32.07 85,500 14 Jul 2023 Direct F2, F3
transaction PDCO Common Stock Tax liability $119,268 -3,719 -4.3% $32.07 81,781 14 Jul 2023 Direct F2, F4
holding PDCO Common Stock 2,119 14 Jul 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 25,749 14 Jul 2023 Common Stock 25,749 $33.26 Direct F6, F7
holding PDCO Employee Stock Options 16,892 14 Jul 2023 Common Stock 16,892 $30.59 Direct F8, F9
holding PDCO Employee Stock Options 17,339 14 Jul 2023 Common Stock 17,339 $30.77 Direct F10, F11
holding PDCO Employee Stock Options 24,780 14 Jul 2023 Common Stock 24,780 $23.57 Direct F12, F13
holding PDCO Employee Stock Options 33,784 14 Jul 2023 Common Stock 33,784 $22.25 Direct F14, F15
holding PDCO Employee Stock Options 14,179 14 Jul 2023 Common Stock 14,179 $22.48 Direct F16
holding PDCO Employee Stock Options 11,845 14 Jul 2023 Common Stock 11,845 $47.51 Direct F17
holding PDCO Employee Stock Options 10,379 14 Jul 2023 Common Stock 10,379 $48.47 Direct F18
holding PDCO Employee Stock Options 25,000 14 Jul 2023 Common Stock 25,000 $56.66 Direct F19, F20
* 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 13,028 RSUs awarded in the years 2020 through 2023 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 5,878 units vest 7/1/2024, 4,388 units vest 7/1/2025 and 2,762 units vest 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 Reporting 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 granted 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 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 pursuant to the Plan on 7/1/2017.
F18 Stock options granted pursuant to the Plan on 7/1/2016.
F19 Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
F20 Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.