WELCH M SCOTT 4
4 · PATRICK INDUSTRIES INC · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Patrick Industries (PATK) Director Welch M. Scott Buys 10,050 Shares
What Happened
Welch M. Scott, a director of Patrick Industries, made open-market purchases on May 5, 2026, acquiring 10,000 shares at a weighted average price of $88.22 (total $882,250) and 50 shares at $88.41 (total $4,421), for a combined purchase of 10,050 shares worth approximately $886,671. These were purchases (a net buy), which investors often view as a more informative signal than routine sales.
Key Details
- Transaction dates: May 5, 2026; filing date: May 6, 2026 (Form 4 accession 0001189422-26-000019). Filing appears timely.
- Prices/values: 10,000 shares @ $88.22 (weighted avg; total $882,250); 50 shares @ $88.41 (total $4,421). Combined value ≈ $886,671.
- Price range: The 10,000-share purchase was made in multiple trades at prices ranging from $85.50 to $88.975 (per footnote).
- Ownership after transaction: Not specified in the provided excerpt of the filing.
- Footnotes of note: F1 indicates some shares were purchased by the reporting person’s spouse for which he disclaims beneficial ownership; F2 explains the weighted-average price and range for the bulk purchase; F3 notes certain purchases were made through an entity he controls and he disclaims beneficial ownership of other shares held by that entity (the filing states his interest is pecuniary for those shares).
Context
These were straightforward open-market purchases (transaction code P). The filing does not show any option exercises, awards, or sales tied to these trades. Because some purchases involve a spouse or an entity for which the director disclaims beneficial ownership, the filing distinguishes between shares he directly beneficially owns and those for which he claims no beneficial ownership.
Insider Transaction Report
- Purchase
Common Stock
[F1][F2]2026-05-05$88.22/sh+10,000$882,250→ 156,000 total(indirect: By Spouse) - Purchase
Common Stock
[F3]2026-05-05$88.41/sh+50$4,421→ 3,192 total(indirect: See footnote)
- 31,772
Common Stock
Footnotes (3)
- [F1]Reflects shares purchased by the Reporting Person's spouse for which the Reporting Person disclaims beneficial ownership.
- [F2]The price quoted in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $85.50 to $88.975, 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.
- [F3]Reflects purchases of shares of the issuer through an entity that is 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 entity. The amount of securities benefically owned following the reported transaction represent the reporting person's pecuniary interest percentage.