Donald Zurbay - Dec 5, 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
Dec 5, 2023
Transactions value $
-$202,491
Form type
4
Date filed
12/7/2023, 05:18 PM
Previous filing
Jul 19, 2023
Next filing
Jun 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability -$153K -5.75K -3.84% $26.59 144K Dec 5, 2023 Direct F1, F2
transaction PDCO Common Stock Sale -$49.7K -1.87K -1.3% $26.58 142K Dec 6, 2023 Direct F2, F3
holding PDCO Common Stock 1.18K Dec 5, 2023 By ESOP F4

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 Dec 5, 2023 Common Stock 93.6K $33.26 Direct F5, F6
holding PDCO Employee Stock Options 134K Dec 5, 2023 Common Stock 134K $28.99 Direct F7, F8
holding PDCO Employee Stock Options 35.9K Dec 5, 2023 Common Stock 35.9K $30.59 Direct F9, F10
holding PDCO Employee Stock Options 37.8K Dec 5, 2023 Common Stock 37.8K $30.77 Direct F11, F12
holding PDCO Employee Stock Options 57.8K Dec 5, 2023 Common Stock 57.8K $23.57 Direct F6, F13
holding PDCO Employee Stock Options 78.8K Dec 5, 2023 Common Stock 78.8K $22.25 Direct F14, F15
holding PDCO Employee Stock Options 33.4K Dec 5, 2023 Common Stock 33.4K $22.48 Direct F16
holding PDCO Employee Stock Options 99.3K Dec 5, 2023 Common Stock 99.3K $22.67 Direct 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 66,713 restricted stock units ("RSUs") awarded in the years 2021 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: 16,735 units vest 7/1/2024, 13,221 units vest 12/5/2024, 13,488 units vest 7/1/2025, 13,227 units vest on 12/5/2025 and 10,042 units vest 7/1/2026.
F3 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.
F4 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through November 3, 2023.
F5 Stock options granted pursuant to the Plan on 7/1/2023.
F6 Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F7 Stock options granted pursuant to the Plan on 12/5/2022.
F8 Options are excercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F9 Stock options granted pursuant to the Plan on 7/1/2022.
F10 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F11 Stock options granted pursuant to the Plan on 7/1/2021.
F12 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F13 Stock options granted pursuant to the Plan on 7/14/2020.
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 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.