WELCH M SCOTT 4

What Happened

• Director Welch M. Scott reported a purchase (code P) of 60 shares of Patrick Industries (PATK) on 2026-02-27 at $122.75 per share, for a total reported value of $7,365. The filing identifies the transaction as an open market or private purchase. Purchases are often viewed as a more informative (bullish) insider action than routine sales, though no motive is stated.

Key Details

• Transaction date and price: 2026-02-27 — 60 shares @ $122.75 each.
• Total value: $7,365.
• Shares owned after transaction: Not specified in the filing; the Form 4 does not list a post-transaction total for shares beneficially owned.
• Footnote: F1 — the shares were acquired through an entity controlled by the reporting person; Mr. Scott disclaims beneficial ownership of other shares held by that entity. The amount reported as owned reflects his pecuniary interest percentage.
• Timeliness: Report filed on 2026-02-27 (same day as the transaction), so the filing appears timely.

Context

• Because the purchase was made through an entity Mr. Scott controls and he disclaims full beneficial ownership of other entity-held shares, the filing reflects his pecuniary interest rather than sole ownership of all shares the entity may hold. This is a straightforward purchase (no option exercise, gift, or sale).