PATRICK INDUSTRIES (PATK) Director Joseph Cerulli Receives Award

What Happened Joseph M. Cerulli, a director of PATRICK INDUSTRIES INC (PATK), received an award of 1,594 shares on May 14, 2026. The grant is reported at $0.00 per share (no cash paid at grant), so the filing shows $0 in purchase price; the award vests on May 14, 2027 per the filing footnote. This is a compensatory stock grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-14 (grant); Form 4 filed: 2026-05-18.
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,594; reported price: $0.00 (no cash exchanged at grant).
• Vesting: Annual Director's Stock Grant; vests on 2027-05-14 (Footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing.
• Timeliness: Form 4 was filed on 2026-05-18 for a 2026-05-14 grant (filed within the routine Form 4 reporting timeframe).

Context This is a routine director equity grant used as compensation for board service and is distinct from insider buying or selling. Such awards typically vest over time and do not necessarily signal the director’s immediate market view; they reflect standard governance/compensation practice.