Patrick Industries (PATK) COO reports new stock grants and tax share return

Rhea-AI Filing Summary

Patrick Industries executive Hugo E. Gonzalez, President Powersports & Housing and COO, reported several stock-based compensation transactions dated January 27, 2026. A prior performance-based award from January 2023 was adjusted by 1,350 shares, and 1,947 shares were returned to the company to cover tax withholding on a vested performance grant.

Gonzalez also received an annual time-based grant of 1,847 shares that vests in January 2029, and a new performance-based award of 7,389 shares that vests after three years if company objectives are met. After these transactions, he directly owned 47,378 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^*

Gonzalez Hugo E

(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)
	Pres Powersports & Housing/COO

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		1,350(1)	D	$0	40,089	D
Common Stock	01/27/2026		F		1,947(2)	D	$129.93	38,142	D
Common Stock	01/27/2026		A		1,847(3)	A	$0	39,989	D
Common Stock	01/27/2026		A		7,389(4)	A	$0	47,378	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/Hugo E. Gonzalez 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.
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FAQ

What insider transactions did PATK executive Hugo E. Gonzalez report?

Gonzalez reported four equity-related stock transactions on January 27, 2026. These included an adjustment of 1,350 performance-based shares, 1,947 shares returned for tax withholding, a 1,847-share time-based grant, and a 7,389-share performance-based grant tied to future company objectives and multi-year vesting.

How many Patrick Industries (PATK) shares does Hugo E. Gonzalez now own?

After the reported transactions, Gonzalez directly owned 47,378 PATK common shares. This balance reflects adjustments to past performance grants, shares withheld to satisfy tax obligations, and new time-based and performance-based stock awards received on January 27, 2026, as part of his executive compensation.

Why were 1,947 PATK shares returned to Patrick Industries in this Form 4?

The 1,947 shares were returned to cover tax withholding on a vested performance grant. They satisfied the tax obligation associated with a performance-based stock award granted in January 2023, which vested after three years once Patrick Industries met its specified target objectives.

What are the terms of Hugo E. Gonzalez’s new time-based stock grant at PATK?

Gonzalez received an annual management time-based grant of 1,847 shares. The award was granted in January 2026 and vests in January 2029, meaning he must remain eligible through that three-year period for the full shares to become earned and unrestricted.

How do the new performance-based PATK shares for Gonzalez vest?

The 7,389 new performance-based shares vest after three years if targets are met. These shares are tied to the achievement of Patrick Industries’ target company objectives over the performance period, so vesting depends on meeting those predefined operational or financial goals.

What does the 1,350-share adjustment in Gonzalez’s Form 4 represent for PATK?

The 1,350-share change reflects an adjustment to a prior performance award. It updates the number of shares he is entitled to upon January 2026 vesting of a performance-based grant originally awarded in January 2023, aligning the final payout with the grant’s performance formula.