Filer Matthew S 4

What Happened Matthew S, Senior VP Finance and CAO of Patrick Industries (PATK), received equity awards and surrendered shares for tax withholding in a Form 4 filed Jan 29, 2026 reporting transactions dated Jan 27, 2026. The filing shows two award acquisitions totaling 6,927 shares (1,385 shares and 5,542 shares) at $0.00 per share. To satisfy tax withholding on a vested performance grant, 889 shares were returned to the company at $129.93 per share for a total withholding of $115,508; an additional 945-share disposition (recorded at $0.00) reflects an adjustment related to the vesting entitlement.

Key Details

• Transaction date: 2026-01-27; Form 4 filed: 2026-01-29.
• Acquisitions: 1,385 shares (grant, $0.00) and 5,542 shares (performance-based grant, $0.00) — total 6,927 shares awarded.
• Dispositions: 889 shares surrendered for tax withholding at $129.93/share = $115,508; 945-share disposition recorded at $0.00 (adjustment).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: Adjustment to the number of shares entitled upon vesting of a 2023 performance grant.
  • F2: Shares returned to satisfy tax withholding for a performance grant that vested after three years (awarded Jan 2023).
  • F3: Annual time-based grant awarded Jan 2026, vesting Jan 2029.
  • F4: Performance-based shares vest after three years upon achievement of target objectives.
• Filing timeliness: Transactions dated Jan 27 filed on Jan 29 (no late filing flag reported).

Context These transactions reflect award vesting and routine tax-withholding mechanics rather than open-market buying or selling. The 6,927 shares were granted (company awards), while shares were surrendered to cover tax obligations (a common, non-market disposition). Performance-based awards vest only if specified targets are met; time-based awards vest per their schedule.