Patrick Industries officer withholds 603 shares for taxes
Patrick Industries Chief Legal Officer and Secretary Joel D. Duthie reported a tax-related share withholding.
Rhea-AI Filing Summary
Patrick Industries Chief Legal Officer and Secretary Joel D. Duthie reported a tax-related share withholding. On 01/26/2026, 603 shares of Patrick Industries common stock were returned to the company at $128.92 per share to satisfy tax withholding on a time-based stock grant that fully vested in January 2026.
After this transaction, Duthie beneficially owned 38,495 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 603 shares
Exercise Price or Tax Liability
1 txn
Insider
Duthie Joel D
Role
Chief Legal Officer/Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 603 | $128.92 | $78K |
Holdings After Transaction:
Common Stock — 38,495 shares (Direct)
Footnotes (1)
- F1. 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 2023 that became fully vested in January 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Patrick Industries (PATK) report for Joel D. Duthie?
Patrick Industries reported that Chief Legal Officer Joel D. Duthie returned 603 common shares to the company. The shares were withheld to cover tax obligations tied to a time-based stock grant that vested in January 2026, rather than an open-market sale.
Was the Patrick Industries (PATK) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax withholding event coded "F," not an open-market sale. 603 shares were returned to Patrick Industries to satisfy taxes due on a vested time-based stock grant awarded in January 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.