AI assistant
PATRICK INDUSTRIES INC — Director's Dealing 2017
Feb 25, 2017
31274_dirs_2017-02-24_5a98264d-3b2e-4ef0-9cfb-e0cba6acefae.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PATRICK INDUSTRIES INC (PATK)
CIK: 0000076605
Period of Report: 2017-02-22
Reporting Person: NEMETH ANDY L (Director, President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-22 | Common Stock | A | 11001 | — | Acquired | 86712 | Direct |
| 2017-02-22 | Common Stock | F | 2519 | $81 | Disposed | 84193 | Direct |
Footnotes
F1: Represents restricted stock units granted in February 2014 that did not possess voting rights at the time of grant until earned based on the achievement of a cumulative financial performance target over a three-year period and vest at the conclusion of the measurement period. In February 2017, the cumulative financial performance target was achieved at the maximum performance level.
F2: Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in February 2014 that vested after three years upon the achievement of target Company objectives.