What is the nature of the 16,312-share adjustment reported by Patrick Industries (PATK)?

The 16,312-share figure reflects an adjustment to a performance-based grant originally awarded in January 2023. The adjustment corresponds to the number of shares Rodino is entitled to receive upon vesting in January 2026 under that performance-based award.

Patrick Industries (PATK) president reports equity grants, tax withholding

Q: Are Jeffrey M. Rodino’s new Patrick Industries (PATK) shares performance-based or time-based?

He received both time-based and performance-based shares . The annual management grant of 2,847 shares is time-based and vests in January 2029, while 11,391 additional shares are performance-based and vest after three years upon achievement of target company objectives.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Patrick Industries president Jeffrey M. Rodino reported several stock-related transactions in company common stock. On January 27, 2026, a performance-based grant from January 2023 was adjusted, adding 16,312 shares tied to vesting in January 2026.

On the same date, 7,377 shares were returned to Patrick Industries at $129.93 per share to cover tax withholding on a performance-based grant that vested after three years. Rodino also received an annual time-based grant of 2,847 shares vesting in January 2029 and an additional 11,391 performance-based shares that vest after three years if company objectives are met. After these transactions, he directly owned 194,904 shares of Patrick Industries common stock.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Rodino Jeffrey M

Role President

Type	Security	Shares	Price	Value
Other	Common Stock	16,312	$0.00	--
Tax Withholding	Common Stock	7,377	$129.93	$958K
Grant/Award	Common Stock	2,847	$0.00	--
Grant/Award	Common Stock	11,391	$0.00	--

Holdings After Transaction: Common Stock — 188,043 shares (Direct)

Footnotes (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 →

01/29/2026 - 08:52 PM

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^*

Rodino Jeffrey M

(Last)

(First)

(Middle)

107 W. FRANKLIN STREET

(Street)

ELKHART

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)
	President

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/27/2026		J		16,312⁽¹⁾	D	$0	188,043	D
Common Stock	01/27/2026		F		7,377⁽²⁾	D	$129.93	180,666	D
Common Stock	01/27/2026		A		2,847⁽³⁾	A	$0	183,513	D
Common Stock	01/27/2026		A		11,391⁽⁴⁾	A	$0	194,904	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Jeffrey M. Rodino by Joel D. Duthie, attorney-in-fact	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

What insider transactions did Patrick Industries (PATK) report for Jeffrey M. Rodino?

Jeffrey M. Rodino reported multiple equity-related transactions in Patrick Industries common stock on January 27, 2026. These included a performance grant adjustment, shares withheld for taxes, and new time-based and performance-based stock grants, all affecting his directly owned share balance.

How many Patrick Industries (PATK) shares does Jeffrey M. Rodino own after these Form 4 transactions?

After the reported transactions, Jeffrey M. Rodino directly owns 194,904 shares of Patrick Industries common stock. This figure reflects the performance grant adjustment, tax withholding share return, and new time-based and performance-based grants recorded on January 27, 2026.

Why were 7,377 Patrick Industries (PATK) shares returned to the company?

7,377 shares were returned to Patrick Industries to cover tax withholding on a performance-based stock grant awarded in January 2023. That grant vested after three years when target company objectives were achieved, triggering the share withholding at a price of $129.93 per share.

What new equity awards did Patrick Industries (PATK) grant to Jeffrey M. Rodino?

Rodino received a 2,847-share time-based grant and 11,391 performance-based shares on January 27, 2026. The time-based grant vests in January 2029, while the performance-based shares vest after three years if target company objectives are achieved.

Are Jeffrey M. Rodino’s new Patrick Industries (PATK) shares performance-based or time-based?

He received both time-based and performance-based shares. The annual management grant of 2,847 shares is time-based and vests in January 2029, while 11,391 additional shares are performance-based and vest after three years upon achievement of target company objectives.