WELCH M SCOTT 4
4 · PATRICK INDUSTRIES INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Patrick Industries (PATK) Director Scott Buys 10,000 Shares
What Happened
- M. Scott Welch, a director of Patrick Industries, purchased 10,000 shares on March 12, 2026. The weighted-average price was $113.68, for a total value of approximately $1,136,821. The transaction is coded as a purchase (P), i.e., an acquisition rather than a sale.
Key Details
- Transaction date: 2026-03-12
- Shares purchased: 10,000
- Weighted-average price: $113.68; price range across multiple trades: $113.46–$113.885 (reporting person will provide per-price breakdown on request) [Footnote F1]
- Total value: ~$1,136,821
- Partial purchases made through entities controlled by the reporting person in which he has a pecuniary interest; the reporting person disclaims beneficial ownership of other shares purchased by those entities [Footnote F2]
- Shares owned after the transaction: not disclosed in the supplied filing excerpt
- Filing timeliness: Reported on the same day as the transaction (filed 2026-03-12), i.e., appears timely
Context
- This was an outright purchase (open market/private purchase), which some investors view as a bullish signal, though the filing provides no explanation of motive. No options exercise, grant, gift, or tax‑withholding details are reported in the provided excerpt.
Insider Transaction Report
Form 4
WELCH M SCOTT
Director
Transactions
- Purchase
Common Stock
[F1]2026-03-12$113.68/sh+10,000$1,136,821→ 146,000 total(indirect: By Spouse)
Holdings
- 31,772
Common Stock
- 3,142(indirect: See footnote)
Common Stock
[F2]
Footnotes (2)
- [F1]The price quoted in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $113.46 to $113.885, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the price range set forth in this footnote.
- [F2]Reflects portion of the shares purchased through entities that are controlled by the reporting person in which the reporting person has a pecuniary interest. The reporting person disclaims beneficial ownership of other shares purchased by the entities.
Signature
/s/ M. Scott Welch by Joel D. Duthie, attorney-in-fact|2026-03-12