[Form 4] PATRICK INDUSTRIES INC Insider Trading Activity
Patrick Industries director M. Scott Welch reported net open-market purchases of Common Stock linked to his indirect holdings.
Rhea-AI Filing Summary
Patrick Industries director M. Scott Welch reported net open-market purchases of Common Stock linked to his indirect holdings. Welch’s spouse purchased 10,000 shares at a weighted average price of $88.225 per share, and Welch disclaims beneficial ownership of these shares.
An entity controlled by Welch purchased 50 shares at a weighted average price of $88.41 per share; the 3,192 shares reported for this entity represent only Welch’s pecuniary interest. Following the transactions, Welch holds 31,772 shares directly, 156,000 shares indirectly through his spouse, and 3,192 shares indirectly through the controlled entity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,050 shares
Net Buy
3 txns
Insider
WELCH M SCOTT
Role
Director
Bought
10,050 shs ($887K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 10,000 | $88.225 | $882K |
| Purchase | Common Stock | 50 | $88.41 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 156,000 shares (Indirect, By Spouse);
Common Stock — 3,192 shares (Indirect, See footnote);
Common Stock — 31,772 shares (Direct)
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.
Key Figures
Spouse purchase: 10,000 shares at $88.225
Entity purchase: 50 shares at $88.41
Direct holdings: 31,772 shares
+2 more
5 metrics
Spouse purchase
10,000 shares at $88.225
Open-market purchase of Common Stock by spouse on May 5, 2026
Entity purchase
50 shares at $88.41
Open-market purchase of Common Stock by controlled entity on May 5, 2026
Direct holdings
31,772 shares
Common Stock directly owned following reported transactions
Indirect spouse holdings
156,000 shares
Common Stock indirectly held through spouse after spouse’s purchase
Indirect entity holdings
3,192 shares
Common Stock indirectly held through controlled entity, reflecting pecuniary interest
Key Terms
open-market purchase, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market purchase financial
"transaction_action: "open-market purchase" for the Common Stock acquisitions"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price quoted in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"the Reporting Person disclaims beneficial ownership."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"the reporting person has a pecuniary interest."
indirect ownership financial
"ownership_type": "indirect" and direct_or_indirect": "I""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PATK director M. Scott Welch report?
Director M. Scott Welch reported open-market purchases of Patrick Industries Common Stock tied to indirect holdings. His spouse bought 10,000 shares, and an entity he controls bought 50 shares, both on May 5, 2026, at weighted average prices near $88.
What is the role of the controlled entity in the PATK Form 4 filing?
An entity controlled by Welch purchased 50 shares of Patrick Industries at a weighted average price of $88.41. The filing states Welch has a pecuniary interest in this entity, and the 3,192 shares reported reflect only his economic interest, not all shares the entity holds.
Were the PATK insider transactions open-market purchases or another type?
Both reportable transactions were open-market purchases of Patrick Industries Common Stock, coded “P” on the Form 4. One involved 10,000 shares bought by Welch’s spouse, and the other involved 50 shares purchased through an entity he controls.
What does ‘disclaims beneficial ownership’ mean in the PATK Form 4 footnotes?
“Disclaims beneficial ownership” means Welch does not claim full ownership rights over certain reported shares. For his spouse’s 10,000-share purchase, he disclaims beneficial ownership entirely, while for the controlled entity, only his pecuniary interest portion is reported as beneficially owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
