Les B. Korsh - 18 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
18 Jul 2023
Net transactions value
-$119,686
Form type
4
Filing time
19 Jul 2023, 17:00:52 UTC
Previous filing
18 Jul 2023
Next filing
03 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Sale $119,686 -3,686 -4.5% $32.47 78,095 18 Jul 2023 Direct F1, F2
holding PDCO Common Stock 2,119 18 Jul 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 25,749 18 Jul 2023 Common Stock 25,749 $33.26 Direct F4, F5
holding PDCO Employee Stock Options 16,892 18 Jul 2023 Common Stock 16,892 $30.59 Direct F6, F7
holding PDCO Employee Stock Options 17,339 18 Jul 2023 Common Stock 17,339 $30.77 Direct F8, F9
holding PDCO Employee Stock Options 24,780 18 Jul 2023 Common Stock 24,780 $23.57 Direct F10, F11
holding PDCO Employee Stock Options 33,784 18 Jul 2023 Common Stock 33,784 $22.25 Direct F12, F13
holding PDCO Employee Stock Options 14,179 18 Jul 2023 Common Stock 14,179 $22.48 Direct F14
holding PDCO Employee Stock Options 11,845 18 Jul 2023 Common Stock 11,845 $47.51 Direct F15
holding PDCO Employee Stock Options 10,379 18 Jul 2023 Common Stock 10,379 $48.47 Direct F16
holding PDCO Employee Stock Options 25,000 18 Jul 2023 Common Stock 25,000 $56.66 Direct F17, F18
* 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 January 4, 2023.
F2 Includes an aggregate of 13,028 restricted stock units ("RSUs") awarded in the years 2020 through 2023 to Reporting Person pursuant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("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 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 7/1/2022.
F7 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F8 Stock options granted pursuant to the Plan on 7/1/2021.
F9 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F10 Stock options granted pursuant to the Plan on 7/14/2020.
F11 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F12 Stock options granted pursuant to the Plan on 7/1/2019.
F13 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F14 Stock options granted pursuant to the Plan on 7/1/2018.
F15 Stock options granted pursuant to the Plan on 7/1/2017.
F16 Stock options granted pursuant to the Plan on 7/1/2016.
F17 Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
F18 Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.