PATRICK INDUSTRIES INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
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Item 1A. RISK FACTORS
There have been no material changes from the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024.
(a) Recent Sales of Unregistered Securities. None.
(b) Use of Proceeds. None.
(c) Issuer Purchases of Equity Securities
The following table summarizes our purchases of common stock in the three months ended March 31, 2024.
| Period · Total Number of Shares Purchased(1) · Average PricePaid Per Share(1) · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) · Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2) | |||||
|---|---|---|---|---|---|
| January 1 - January 28, 2024 | 1,368 | $98.55 | — | $77,569,000 | |
| January 29 - March 3, 2024 | 161,084 | $102.52 | — | $77,569,000 | |
| March 4 - March 31, 2024 | 139 | $122.29 | — | $77,569,000 | |
| 162,591 | — | ||||
(1) Amount includes 162,591 shares of common stock purchased by the Company in the period for the purpose of satisfying the minimum tax withholding obligations of employees upon the vesting of stock awards and the exercise of stock options and stock appreciation rights held by the employees.
(2) See Note 12 "Stock Repurchase Programs" of the Notes to Condensed Consolidated Financial Statements for additional information about the Company's stock repurchase program.
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