Donald Zurbay - Jul 14, 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 14, 2023
Transactions value $
$363,674
Form type
4
Date filed
7/18/2023, 05:03 PM
Previous filing
Jul 6, 2023
Next filing
Jul 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$144K -4.49K -3.12% $32.07 139K Jul 14, 2023 Direct F1, F2
transaction PDCO Common Stock Award $926K +28.9K +20.72% $32.07 168K Jul 14, 2023 Direct F2, F3
transaction PDCO Common Stock Tax liability -$418K -13K -7.75% $32.07 155K Jul 14, 2023 Direct F2, F4
holding PDCO Common Stock 1.15K 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 93.6K Jul 14, 2023 Common Stock 93.6K $33.26 Direct F6, F7
holding PDCO Employee Stock Options 134K Jul 14, 2023 Common Stock 134K $28.99 Direct F8, F9
holding PDCO Employee Stock Options 35.9K Jul 14, 2023 Common Stock 35.9K $30.59 Direct F10, F11
holding PDCO Employee Stock Options 37.8K Jul 14, 2023 Common Stock 37.8K $30.77 Direct F12, F13
holding PDCO Employee Stock Options 57.8K Jul 14, 2023 Common Stock 57.8K $23.57 Direct F7, F14
holding PDCO Employee Stock Options 78.8K Jul 14, 2023 Common Stock 78.8K $22.25 Direct F15, F16
holding PDCO Employee Stock Options 33.4K Jul 14, 2023 Common Stock 33.4K $22.48 Direct F17
holding PDCO Employee Stock Options 99.3K Jul 14, 2023 Common Stock 99.3K $22.67 Direct 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 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 79,934 RSUs awarded in the years 2020 through 2023 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 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 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 12/5/2022.
F9 Options are excercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F10 Stock options granted pursuant to the Plan on 7/1/2022.
F11 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F12 Stock options granted pursuant to the Plan on 7/1/2021.
F13 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F14 Stock options granted pursuant to the Plan on 7/14/2020.
F15 Stock options granted pursuant to the Plan on 7/1/2019.
F16 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F17 Stock options granted pursuant to the Plan on 7/1/2018.
F18 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.