COO Sells Over $1.5 Million in Company Stock

summarizeSummary

Patrick Industries' COO, Hugo E. Gonzalez, sold 13,514 shares of common stock for a total value of $1,528,379 in an open market transaction.

check_boxKey Events

• COO Sells Shares

  Hugo E. Gonzalez, President of Powersports & Housing and Chief Operating Officer, sold 13,514 shares of Patrick Industries common stock.

• Significant Transaction Value

  The open market sale was valued at $1,528,379.34, with an average price of $113.10 per share.

• Post-Transaction Holdings

  Following this transaction, Mr. Gonzalez directly holds 33,864 shares of the company's common stock.

• Conflicting Insider Signals

  This executive sale contrasts with a director's purchase of over $1.1 million in company stock reported on the same day, presenting mixed signals from insiders.

auto_awesomeAnalysis

Hugo E. Gonzalez, the Chief Operating Officer, executed a significant open market sale of company stock, disposing of over $1.5 million worth of shares. This transaction represents a notable reduction in his direct holdings and could be interpreted as a negative signal regarding executive confidence. This sale occurs on the same day as a reported director purchase, creating conflicting insider signals for investors to consider.