Duthie Joel D 4

What Happened

• Joel Duthie, Chief Legal Officer and Secretary of Patrick Industries (PATK), disposed of 603 shares on Jan 26, 2026. The shares were valued at $128.92 each for a total of $77,739. This was a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-01-26 at $128.92 per share (total $77,739).
• Transaction type: F — shares returned to the company to satisfy tax withholding on a vested time-based award.
• Footnote: The shares were withheld to cover taxes for a time-based stock grant awarded in January 2023 that became fully vested in January 2026.
• Filing date: Form 4 filed Jan 28, 2026 (two days after the transaction) — appears timely.
• Shares owned after transaction: not reported in the provided summary.

Context

• This was a routine “sell-to-cover” (tax withholding) tied to a vested equity award, not an open-market sale or a purchase indicating a change in sentiment. Such withholdings are common when restricted stock or similar awards vest and do not necessarily reflect the insider’s view of the company’s prospects.