Cleveland Todd M 4

What Happened
Todd M. Cleveland, a director of Patrick Industries (PATK), received an award of 1,594 shares on May 14, 2026. The Form 4 reports the shares were issued at $0.00 (a stock award/grant), so no cash purchase was made and the reported acquisition value is $0. This award is an annual director stock grant.

Key Details

• Transaction date: 2026-05-14 (grant).
• Report filed: 2026-05-18.
• Security: Common stock; amount: 1,594 shares; price per share reported: $0.00 (transaction code A — award/grant).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: Annual Director's Stock Grant awarded on May 14, 2026 and vesting on May 14, 2027 (restricted until vesting).
• No indication in this filing of a sale, purchase with cash, or cashless exercise.

Context
Director stock awards are a common form of non-employee director compensation. The $0.00 price reflects that these shares were granted (not purchased); the one-year vesting means the director generally must remain on the board until May 14, 2027 to take full ownership. Such grants are routine and do not by themselves signal the director is buying or selling stock.