PATK Form 4: CEO Andy Nemeth Gifts 2,000 Shares, Retains 326,641
Patrick Industries (PATK) reporting person Andy L. Nemeth, who is listed as both Director and Chief Executive Officer, recorded a non‑derivative disposition of securities on 08/25/2025.
Rhea-AI Filing Summary
Patrick Industries (PATK) reporting person Andy L. Nemeth, who is listed as both Director and Chief Executive Officer, recorded a non‑derivative disposition of securities on 08/25/2025. The Form 4 shows 2,000 shares of common stock were disposed of under transaction code G, with a reported price of $0, and an explanation that these shares were gifted. After this transaction Nemeth beneficially owns 326,641 shares directly. The filing was signed on 08/27/2025 by an attorney‑in‑fact on Nemeth’s behalf.
Positive
- Transaction fully disclosed in compliance with Section 16 reporting requirements
- Reporting person retains significant direct ownership of 326,641 shares after the gift
Negative
- 2,000 shares were disposed of (gift), representing an outflow of insider-held stock
Insights
TL;DR: CEO/director gifted a small block of shares; disclosure is routine and does not change control.
The Form 4 discloses a non‑monetary transfer of 2,000 common shares reported under code G (gift). The reporting person holds a substantial remaining direct stake of 326,641 shares. From a governance perspective this is a compliance disclosure of a personal transfer rather than a compensation, sale, or delegation of voting control. Filing via attorney‑in‑fact and timely reporting are consistent with required Section 16 transparency.
TL;DR: Transaction is immaterial to company capitalization and market impact; it's a disclosed gift by an insider.
The record shows the disposition was recorded at $0, explicitly noted as a gift, indicating no cash proceeds to the insider. The post‑transaction direct ownership of 326,641 shares remains substantial in absolute terms, and 2,000 shares is a small fraction of that total. There is no derivative activity reported on this Form 4 and no indication of trading intent or planned liquidity events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of common stock gifted by the reporting person.
FAQ
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What did Andy L. Nemeth report on the Form 4 for PATK?
Was the disposition a sale or a gift according to the Form 4?
What is the reporting person's relationship to Patrick Industries (PATK)?
When was the Form 4 signed and filed?
AI-generated analysis. How Rhea-AI works. Not financial advice.