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PATRICK INDUSTRIES INC — Director's Dealing 2024
Feb 3, 2024
31274_dirs_2024-02-02_8e21f281-f6ca-4284-a118-bc5d660602c1.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PATRICK INDUSTRIES INC (PATK)
CIK: 0000076605
Period of Report: 2024-01-24
Reporting Person: Gonzalez Hugo E (EVP Operations & COO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 23759 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Common Stock Options | $41.33 | 2029-05-14 | Common Stock (4875) | Direct |
Footnotes
F1: Represents the aggregate of shares beneficially owned and comprised of: (1) 3,695 time-based shares granted in January 2022, 2023 and 2024 to the Reporting Person by the Issuer and vesting in January 2025, 2026 and 2027, respectively; (2) 14,779 performance-based shares granted in January 2022, 2023 and 2024 which will vest after three years upon achievement of target Company objectives in January 2025, 2026 and 2027 , respectively; and (3) 5,285 shares owned directly by the Reporting Person. The vesting of both the time-based and performance-based share awards is subject to the terms of each of the awards, including the Reporting Person's continued employment with the Issuer.