Rodino Jeffrey M 4
Research Summary
AI-generated summary
Patrick Industries (PATK) President Jeffrey Rodino Surrenders 2,137 Shares
What Happened
President Jeffrey M. Rodino returned/surrendered 2,137 shares of Patrick Industries common stock on January 26, 2026. The shares were valued at $128.92 each, for a total of $275,502. This was a disposition to satisfy tax withholding tied to a vested equity award, not an open-market sale or a new purchase.
Key Details
- Transaction date: 2026-01-26; filing date (Form 4): 2026-01-28 (filed within the typical two-business-day window).
- Price per share: $128.92; total value: $275,502.
- Transaction code: F (shares withheld/surrendered to satisfy tax withholding).
- Footnote: Represents shares returned to the company to satisfy the tax withholding obligation for a time-based stock grant awarded in Jan 2023 that became fully vested in Jan 2026.
- Shares owned after transaction: not disclosed in the information provided.
Context
This was a routine tax-withholding disposition arising from the vesting of a time-based equity award (i.e., shares were surrendered to cover taxes). Such transactions are common when awards vest and do not necessarily reflect the insider's view on the company’s stock.