Amundson Stacey L 4

What Happened

• Stacey L. Amundson, EVP & CHRO of Patrick Industries (PATK), reported awards and related share dispositions on 2026-01-27. She was credited with two grants totaling 4,041 shares (808 shares time‑based; 3,233 shares performance‑based) and disposed of 5,001 shares in two actions: 3,839 shares (other disposition) and 1,162 shares surrendered to satisfy tax withholding. The tax‑related disposition valued the shares at $129.93 each, totaling $150,979. Net change in holdings from these transactions was a decrease of 960 shares (4,041 acquired vs. 5,001 disposed).
• These were not open‑market purchases or sales driven by trading intent but reflect awards vesting and routine tax withholding tied to prior performance grants.

Key Details

• Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (filed two days after the transactions, which is generally timely).
• Reported actions:
  • Disposed 3,839 shares (code J) at $0.00 — adjustment on vesting (see footnote).
  • Returned/surrendered 1,162 shares (code F) at $129.93 each to satisfy tax withholding = $150,979.
  • Acquired 808 shares (code A) — annual time‑based grant (vests Jan 2029).
  • Acquired 3,233 shares (code A) — performance‑based grant (vests after 3 years upon meeting targets).
• Shares owned after these transactions: not specified in the provided filing details.
• Footnotes:
  • F1: Adjustment to number of shares the reporting owner is entitled to upon vesting (Jan 2026) of a 2023 performance grant.
  • F2: Shares returned to company to satisfy tax withholding for a performance grant that vested after three years.
  • F3: Annual management time‑based grant (awarded Jan 2026, vests Jan 2029).
  • F4: Performance‑based shares vest after three years upon achievement of target objectives.

Context

• The filing documents awards vesting and routine tax withholding (share surrender), not open‑market trades. Returning shares to cover taxes is common and does not necessarily indicate a view on the company’s stock.
• For retail investors, awards (acquisitions) are more noteworthy than routine withholdings; these transactions reflect compensation mechanics rather than discretionary buying or selling by the insider.