Petkovich Jacob R 4

What Happened

• Jacob R. Petkovich, President – Marine at Patrick Industries (PATK), was granted a total of 7,312 restricted shares on January 27, 2026. The filing reports two awards: 1,462 shares (time-based) and 5,850 shares (performance-based). Each grant shows an acquisition price of $0.00 (award/compensation), total immediate cash paid $0.

Key Details

• Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (timely filing).
• Grants reported as code "A" (award/acquisition); price per share reported $0.00.
• Total shares granted: 1,462 (time-based) + 5,850 (performance-based) = 7,312 shares.
• Vesting/conditions:
  • Footnote F1: 1,462-share annual management time-based grant awarded Jan 2026, vesting in Jan 2029.
  • Footnote F2: 5,850 shares are performance-based and vest after three years only if company targets are achieved.
• Shares owned after transaction: Not reported in this filing.
• No 10b5-1 plan, tax withholding, or immediate sale reported.

Context

• These are compensation awards, not open-market purchases or sales, and typically reflect routine executive compensation rather than a direct market signal. The performance tranche will only convert to owned shares if specified company objectives are met over the vesting period.