Todd M Cleveland, Director at Patrick Industries (NASDAQ:PATK), reported a large exercise of company stock options on September 19, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Cleveland, Director at Patrick Industries, a company in the Consumer Discretionary sector, just exercised stock options worth 58,500 shares of PATK stock with an exercise price of $41.33.
Patrick Industries shares are trading up 0.59% at $79.08 at the time of this writing on Tuesday morning. Since the current price is $79.08, this makes Cleveland's 58,500 shares worth $4,626,180.