Rodino Jeffrey M 4

What Happened

• Jeffrey M. Rodino, President of Patrick Industries (PATK), was awarded time- and performance-based shares and simultaneously surrendered shares to satisfy tax withholding. The filing reports: 11,391 performance-based shares and 2,847 time-based shares granted (total 14,238 shares acquired, codes A), 16,312 shares reported as an "other" disposition (code J), and 7,377 shares surrendered to the company to satisfy tax withholding at $129.93 per share (code F), valued at $958,494.

Key Details

• Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (filed within the normal two‑business‑day window).
• Grants: 11,391 performance-based shares (vest upon achievement of targets after three years) and 2,847 annual management time‑based shares (vesting Jan 2029).
• Dispositions: 16,312 shares reported as "other acquisition or disposition" (code J) and 7,377 shares surrendered to satisfy tax withholding (code F) at $129.93 each — $958,494 total.
• Footnotes explain these actions: the performance grant originally awarded Jan 2023 vested in Jan 2026 (adjustment noted), and shares were returned to the company to satisfy the tax withholding obligation.
• Shares owned after the transactions are not disclosed in the filing.

Context

• The 7,377-share disposition was a tax-withholding surrender (routine administrative action), not an open-market sale; such share surrenders are common when equity awards vest.
• The awards include performance-based shares tied to multi-year targets and a time-based management grant vesting in 2029; these are long‑term compensation, not immediate purchases or open-market sales.
• No indication of a 10% owner transaction or a 10b5-1 plan in the filing.