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PATRICK INDUSTRIES INC·4

May 6, 7:55 AM ET

NEMETH ANDY L 4

Research Summary

AI-generated summary

Updated

Patrick Industries (PATK) CEO Andy Nemeth Buys 10,000 Shares

What Happened
Andy L. Nemeth, CEO of Patrick Industries (PATK), acquired 10,000 shares in an open-market purchase on May 5, 2026, at $88.00 per share, for a total cost of $880,000. The transaction is reported on a Form 4 (transaction code P), so this was a direct purchase rather than a sale.

Key Details

  • Transaction date: 2026-05-05; Form 4 filed: 2026-05-06 (appears timely).
  • Trade: Open market purchase (Code P) — 10,000 shares at $88.00, total $880,000.
  • Shares owned after the transaction: Not specified in the provided filing excerpt.
  • Footnotes/plan: No 10b5-1 plan or special tax/withholding notes indicated in the provided details.
  • Timeliness: Filing was made the next day; not marked as late.

Context
Insider purchases by a CEO are often monitored by investors as a potentially bullish signal, but they should be weighed with the company’s fundamentals and broader market conditions. This purchase represents a meaningful personal investment (~$880k) by the CEO.