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PATRICK INDUSTRIES INC — Director's Dealing 2019
Jan 30, 2019
31274_dirs_2019-01-29_104608cb-9b2c-46a3-8a89-3284ddc65fcb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PATRICK INDUSTRIES INC (PATK)
CIK: 0000076605
Period of Report: 2019-01-25
Reporting Person: NEMETH ANDY L (Director, President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-01-25 | Common Stock | F | 13399 | $35.21 | Disposed | 119613 | Direct |
| 2019-01-25 | Common Stock | A | 53334 | — | Acquired | 172947 | Direct |
| 2019-01-25 | Common Stock | A | 8889 | — | Acquired | 181836 | Direct |
| 2019-01-25 | Common Stock | A | 16503 | — | Acquired | 198339 | Direct |
| 2019-01-25 | Common Stock | F | 7055 | $39.39 | Disposed | 191284 | Direct |
Footnotes
F1: 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 2016 that vested upon the achievement of target Company objectives.
F2: Shares are performance-based and vest after three years upon achievement of target Company objectives.
F3: Annual management grant awarded January 25, 2019 and vesting on January 25, 2022.
F4: Represents restricted stock units granted in February 2016 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 January 2019, the cumulative financial performance target was achieved at the maximum performance level.