M. Scott Welch, Director at PATRICK INDUSTRIES INC (PATK), bought 20,000 shares at $113.68 ($2.3M) on 2026-03-12, disclosed to the SEC on 2026-03-12.
Director M. Scott Welch purchased 10,000 shares at $113.68 on March 12, 2026, marking the largest insider purchase in his career. This significant buy comes as the stock has pulled back 20.61% over the last 30 days, potentially signaling confidence in the current valuation.
The stock is trading at $113.14, down 5.34% over the past five days and 20.61% over the last month, putting it 23.81% below its 52-week high of $148.50.
Patrick Industries ended merger talks with LCI Industries on May 10, 2026, shifting focus to its standalone operations; the company also held its Q1 2026 earnings call on May 1, 2026.
The stock carries a short interest of 9.01% of the float, and a $14 million exit by a fund on May 16, 2026, adds to selling pressure.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $113.68 | 10,000 | $1.1M | 50.0% |
| 2 | $113.68 | 10,000 | $1.1M | 50.0% |
| Total | $113.68 avg | 20,000 | $2.3M | 100% |
| Filing → |
| PATK | BUY | 2026-05-06 | $887K | — | Filing → |
| LKFN | BUY | 2026-03-12 | $1.1M | — | Filing → |
| LKFN | BUY | 2026-03-10 | $277K | — | Filing → |