Patrick Industries (PATK) CLO reports share grants, tax withholding return

Rhea-AI Filing Summary

Patrick Industries Chief Legal Officer Joel D. Duthie reported several equity-related transactions in company common stock on January 27, 2026.

The filing shows a 6,397-share adjustment tied to a performance-based grant from January 2023, and 2,577 shares returned to the company at $129.93 per share to cover tax withholding on a vested performance award. Duthie also received an annual time-based grant of 1,231 shares scheduled to vest in January 2029 and a separate performance-based grant of 4,926 shares that vests after three years if target company objectives are met.

After these transactions, Duthie directly beneficially owned 35,678 shares of Patrick Industries common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Duthie Joel D

(Last) (First) (Middle)

107 W. FRANKLIN STREET

(Street)

ELKHART IN 46516

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PATRICK INDUSTRIES INC [ PATK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer/Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/27/2026		J		6,397(1)	D	$0	32,098	D
Common Stock	01/27/2026		F		2,577(2)	D	$129.93	29,521	D
Common Stock	01/27/2026		A		1,231(3)	A	$0	30,752	D
Common Stock	01/27/2026		A		4,926(4)	A	$0	35,678	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects an adjustment to the number of shares that the reporting owner is entitled to upon vesting in January 2026 of a performance-based grant originally awarded in January 2023.

2. 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 2023 that vested after three years upon the achievement of target Company objectives.

3. Annual Management time-based grant awarded January 2026 and vesting in January 2029.

4. Shares are performance-based and vest after three years upon achievement of target Company objectives.

Remarks:

	/s/ Joel D. Duthie	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transactions did PATK’s Chief Legal Officer report on January 27, 2026?

On January 27, 2026, PATK’s Chief Legal Officer Joel D. Duthie reported a performance-based share adjustment, a tax withholding share return, and two new stock grants, including time-based and performance-based awards with multi-year vesting conditions.

How many Patrick Industries (PATK) shares did Joel D. Duthie return for tax withholding?

Joel D. Duthie returned 2,577 shares of Patrick Industries common stock to the company at $129.93 per share. This satisfied tax withholding obligations on a performance-based stock grant that vested after three years upon achieving target company objectives.

What new equity awards did PATK grant to its Chief Legal Officer in January 2026?

In January 2026, Patrick Industries granted Joel D. Duthie a 1,231-share annual time-based award vesting in January 2029 and a 4,926-share performance-based award. The performance-based shares vest after three years if specified company objectives are achieved.

What is the performance-based adjustment reported in Joel D. Duthie’s PATK Form 4?

The Form 4 reports a 6,397-share adjustment to a performance-based grant originally awarded in January 2023. This adjustment reflects the number of shares Duthie is entitled to upon vesting of that award in January 2026, based on the grant’s terms.

How many Patrick Industries (PATK) shares does Joel D. Duthie own after these transactions?

Following the reported January 27, 2026 transactions, Joel D. Duthie directly beneficially owned 35,678 shares of Patrick Industries common stock. This figure reflects his updated holdings after the performance adjustment, tax share return, and new stock grants.

Are Joel D. Duthie’s new PATK stock awards time-based or performance-based?

Joel D. Duthie received both types. One grant of 1,231 shares is time-based, vesting in January 2029. Another grant of 4,926 shares is performance-based and vests after three years, conditioned on achieving target company objectives set for the award.