Patrick Industries (PATK) insider gift: 1,780 shares disclosed
Hugo E. Gonzalez, EVP Operations & COO of Patrick Industries Inc (PATK), reported on Form 4 a gift of 1,780 shares of common stock on 08/19/2025 (transaction code G).
Rhea-AI Filing Summary
Hugo E. Gonzalez, EVP Operations & COO of Patrick Industries Inc (PATK), reported on Form 4 a gift of 1,780 shares of common stock on 08/19/2025 (transaction code G). Following the reported gift, Mr. Gonzalez beneficially owns 41,849 shares. The filing indicates the report was signed via attorney-in-fact and does not show a sale price because the shares were gifted. No other transactions or derivative positions are reported.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider gift by a senior executive reduces his stake modestly; no derivatives or sales reported.
The Form 4 shows a non-sale disposition coded as a gift of 1,780 shares by Hugo E. Gonzalez, EVP Operations & COO, leaving him with 41,849 shares beneficially owned. This is a straightforward disclosure under Section 16; it does not indicate cash proceeds or change in control and contains no derivative activity. For investors, the item is informational rather than indicative of a change in business outlook.
TL;DR: A standard insider reporting event reflecting a personal transfer rather than a market transaction; governance implications are minimal.
The filing documents a gift transaction (code G) by an officer and was executed by an attorney-in-fact, suggesting routine administrative handling. The disclosure satisfies Section 16 reporting obligations. There is no evidence in the filing of related-party transactions, policy breaches, or accelerated compensation exercises. Governance impact is neutral based on the information provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,780 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of common stock gifted by the reporting person.
FAQ
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What did Hugo E. Gonzalez disclose on Form 4 for PATK?
Was the transaction a sale or a gift in the PATK Form 4?
Does the Form 4 show any option exercises or derivative transactions for PATK?
Who signed the Form 4 for Hugo E. Gonzalez?
AI-generated analysis. How Rhea-AI works. Not financial advice.