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

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider Duthie Joel D
Role Chief Legal Officer/Secretary
Type Security Shares Price Value
Other Common Stock 6,397 $0.00 --
Tax Withholding Common Stock 2,577 $129.93 $335K
Grant/Award Common Stock 1,231 $0.00 --
Grant/Award Common Stock 4,926 $0.00 --
Holdings After Transaction: Common Stock — 32,098 shares (Direct)
Footnotes (1)
  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. 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. Annual Management time-based grant awarded January 2026 and vesting in January 2029. Shares are performance-based and vest after three years upon achievement of target Company objectives.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

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 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.