Kip B. Ellis - Jan 20, 2023 Form 4 Insider Report for PATRICK INDUSTRIES INC (PATK)

Role
EVP Operations & COO
Signature
/s/ Kip B. Ellis by Jacob R. Petkovich, attorney-in-fact
Stock symbol
PATK
Transactions as of
Jan 20, 2023
Transactions value $
-$999,107
Form type
4
Date filed
1/24/2023, 07:56 PM
Previous filing
Jan 31, 2022
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATK Common Stock Other $0 +8K +6.78% $0.00 126K Jan 20, 2023 Direct F1
transaction PATK Common Stock Tax liability -$885K -13.6K -10.79% $65.09 112K Jan 20, 2023 Direct F2
transaction PATK Common Stock Tax liability -$114K -1.7K -1.51% $66.99 111K Jan 23, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an adjustment to the number of shares that the reporting owner is entitled to upon vesting in January 2023 of a performance-based grant originally awarded in January 2020.
F2 Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in January 2020 that vested after three years upon the achievement of target Company objectives.
F3 Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a time-based stock grant awarded in January 2020 that became fully vested in January 2023.