Roeder Charles R 4

What Happened

• Charles R. Roeder, President — RV of Patrick Industries (PATK), was granted a total of 8,466 shares on January 27, 2026 (1,693 time‑based; 6,773 performance‑based). On the same date he surrendered 1,041 shares to satisfy tax withholding (disposed at $129.93 per share, ~$135,257) and 810 shares were recorded as an adjustment (no cash value). Net, Roeder received 6,615 more shares (8,466 granted minus 1,851 surrendered/adjusted). These were awards, not open‑market purchases or option exercises.

Key Details

• Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (appears timely).
• Grants: 1,693 shares (time‑based, annual management grant) and 6,773 shares (performance‑based).
• Dispositions: 1,041 shares surrendered for tax withholding at $129.93/share (total ~ $135,257); 810 shares adjusted/disposed with $0 value.
• Net change in holdings from these transactions: +6,615 shares.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes explained:
  • Adjustment to vesting entitlement for a 2023 performance grant (F1).
  • Shares returned to company to satisfy tax withholding for a vested 2023 performance grant (F2 / tax withholding).
  • 1,693‑share time‑based management grant awarded Jan 2026, vests Jan 2029 (F3).
  • 6,773‑share performance grant vests after three years upon achieving company objectives (F4).

Context

• These were equity awards and related tax‑withholding share surrenders — common executive compensation mechanics. Performance grants vest only if specified targets are met, so the granted shares may not be immediately free of conditions. The surrender of shares to cover taxes is routine and not the same as a market sale.