Andy L Nemeth, Chief Executive Officer at Patrick Industries (NASDAQ:PATK), reported a large exercise of company stock options on December 29, according to a new SEC filing.
What Happened: Nemeth, Chief Executive Officer at Patrick Industries, made a strategic move by exercising stock options for 36,000 shares of PATK as detailed in a Form 4 filing on Friday with the U.S. Securities and Exchange Commission. The transaction value amounted to $2,158,920.
Patrick Industries shares are trading down 0.0% at $101.3 at the time of this writing on Friday morning. Since the current price is $101.3, this makes Nemeth's 36,000 shares worth $2,158,920.
Discovering Patrick Industries: A Closer Look
Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.
Financial Insights: Patrick Industries
Negative Revenue ...