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AI brief of an SEC Form 8-K · Patrick Industries (PATK)

Patrick Industries grants stock options and SARs to top executives, CEO gets 84,360 each

Neutral Impact 2 of 5 shareholder Written later

On February 25, 2025, Patrick Industries approved stock options and stock appreciation rights under its 2009 Omnibus Incentive Plan for six named executive officers. CEO Andy L. Nemeth received 84,360 options and 84,360 SARs, the largest award in the filing. The awards are equity compensation that ties executive pay to future share price gains.

Key points

  • Options exercise price is $92.72 per share, vesting pro-rata over four anniversaries with nine-year terms.
  • SARs have four equal tranches with strike prices of $92.72, $110.76, $132.31 and $158.05.
  • Andy L. Nemeth (CEO) received 84,360 options and 84,360 SARs; Jeffrey M. Rodino and Kip B. Ellis each received 42,180 of each.
  • Andrew C. Roeder (CFO) received 6,750 of each; Matthew S. Filer and Joel D. Duthie received 5,060 and 4,220 of each.

The filing

CompanyPatrick Industries (PATK)
Form8-K, current report
Filed with the SECMar 3, 2025, 4:53 PM ET
Accession number0001213900-25-019460

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.