Forbes John A 4

What Happened
John A. Forbes, a director of Patrick Industries (PATK), was awarded 1,594 shares on May 14, 2026. The Form 4 reports the acquisition as an award (transaction code A) at a reported price of $0.00 (no cash paid). The grant is part of the company’s annual director stock program and will vest on May 14, 2027. This is a compensatory award rather than a market purchase or sale.

Key Details

• Transaction date: May 14, 2026 (reported on Form 4 filed May 18, 2026) — filed timely under Form 4 rules.
• Transaction type/code: Award/Acquisition (A). Reported price: $0.00 (no cash exchanged on filing).
• Shares granted: 1,594; vesting date: May 14, 2027 (see footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 states this is the annual director’s stock grant awarded 5/14/2026 and vesting 5/14/2027. No 10b5-1 plan, tax withholding, or sale noted.

Context
Director stock awards are routine compensation and do not necessarily signal a personal buy or sell decision. Because the shares vest in one year, the award ties the director’s compensation to future company performance but does not reflect an immediate market purchase or sale.