WELCH M SCOTT 4

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.