Donald Zurbay - Jul 18, 2023 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 18, 2023
Transactions value $
-$182,553
Form type
4
Date filed
7/19/2023, 05:01 PM
Previous filing
Jul 18, 2023
Next filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Sale -$183K -5.62K -3.62% $32.48 150K Jul 18, 2023 Direct F1, F2
holding PDCO Common Stock 1.15K Jul 18, 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 18, 2023 Common Stock 93.6K $33.26 Direct F4, F5
holding PDCO Employee Stock Options 134K Jul 18, 2023 Common Stock 134K $28.99 Direct F6, F7
holding PDCO Employee Stock Options 35.9K Jul 18, 2023 Common Stock 35.9K $30.59 Direct F8, F9
holding PDCO Employee Stock Options 37.8K Jul 18, 2023 Common Stock 37.8K $30.77 Direct F10, F11
holding PDCO Employee Stock Options 57.8K Jul 18, 2023 Common Stock 57.8K $23.57 Direct F5, F12
holding PDCO Employee Stock Options 78.8K Jul 18, 2023 Common Stock 78.8K $22.25 Direct F13, F14
holding PDCO Employee Stock Options 33.4K Jul 18, 2023 Common Stock 33.4K $22.48 Direct F15
holding PDCO Employee Stock Options 99.3K Jul 18, 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 79,934 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: 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.