WELCH M SCOTT 4

What Happened M. Scott Welch, a director of Patrick Industries (PATK), reported an open-market purchase of 50 shares on March 6, 2026. The shares were acquired at $116.40 each for a total reported cost of $5,820. This filing reflects a purchase (transaction code P).

Key Details

• Transaction date and price: 2026-03-06 — 50 shares at $116.40 per share (total $5,820).
• Method: Open market/private purchase (reported as P = Purchase).
• Shares owned after transaction: Not specified in the summary provided; the filing notes the reported post-transaction amount reflects the reporting person’s pecuniary interest.
• Footnote: The purchase was made through an entity controlled by the reporting person; the filer disclaims beneficial ownership of other shares held by that entity (footnote F1). The post-transaction ownership reported represents the filer’s pecuniary interest in that entity.
• Timeliness: Transaction reported on Form 4 filed 2026-03-10 for a 2026-03-06 trade; this filing date is within the normal two-business-day reporting window and appears timely.

Context This was a direct purchase of common shares (not an option exercise, gift, or award). The amount is modest in absolute terms; retail investors often watch purchases because they represent direct insider buying, but the filing itself does not state the reporter’s motivation.