Patrick Industries (NASDAQ: PATK) director awarded annual stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kitson Michael A reported acquisition or exercise transactions in this Form 4 filing.
Patrick Industries director Michael A. Kitson received a stock grant of 1,594 shares of common stock on May 14, 2026 as his annual director's stock grant, with no cash purchase price. These shares vest on May 14, 2027 and increase his direct holdings to 13,444 shares. This is a compensation-related award rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kitson Michael A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,594 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,444 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock grant size: 1,594 shares
Grant price per share: $0.00 per share
Shares after grant: 13,444 shares
+1 more
4 metrics
Stock grant size
1,594 shares
Annual Director's Stock Grant awarded May 14, 2026
Grant price per share
$0.00 per share
Compensation award, not open-market purchase
Shares after grant
13,444 shares
Total direct holdings following transaction
Vesting date
May 14, 2027
Director stock grant vesting date per footnote
Key Terms
Annual Director's Stock Grant, vesting, Grant, award, or other acquisition
3 terms
Annual Director's Stock Grant financial
"Annual Director's Stock Grant awarded on May 14, 2026 and vesting..."
vesting financial
"awarded on May 14, 2026 and vesting on May 14, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Patrick Industries (PATK) director Michael A. Kitson report on this Form 4?
Director Michael A. Kitson reported receiving 1,594 shares of Patrick Industries common stock as an annual director stock grant. The award was made on May 14, 2026, increasing his direct ownership to 13,444 shares following the transaction.
Was the PATK insider transaction a purchase or a stock grant?
The PATK insider transaction was a stock grant, not an open-market purchase. Michael A. Kitson received 1,594 shares at a stated price of $0.00 per share as part of his annual director compensation, according to the Form 4 disclosure.
Does the Patrick Industries Form 4 indicate any stock sales by Michael A. Kitson?
The Form 4 indicates no stock sales by Michael A. Kitson. It reports only an acquisition coded as an award (Code A), reflecting the 1,594-share annual director stock grant and no corresponding dispositions of Patrick Industries shares.