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Patrick Industries (PATK) director receives 1,594-share stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

WELCH M SCOTT reported acquisition or exercise transactions in this Form 4 filing.

PATRICK INDUSTRIES INC director M. Scott Welch received an annual director stock grant of 1,594 shares of common stock on May 14, 2026 at no cost. The grant vests on May 14, 2027. After this award, he holds 33,366 shares directly, plus additional indirect holdings through controlled entities and 156,000 shares held by his spouse.

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Insider WELCH M SCOTT
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,594 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 33,366 shares (Direct, null); Common Stock — 156,000 shares (Indirect, By Spouse)
Footnotes (1)
  1. Annual Director's Stock Grant awarded on May 14, 2026 and vesting on May 14, 2027. Reflects portion of the shares purchased through entities that are 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 entities.
Director stock grant 1,594 shares Annual Director's Stock Grant on May 14, 2026
Direct holdings after grant 33,366 shares Common stock held directly following the transaction
Indirect holdings via entities 3,192 shares Portion purchased through controlled entities with pecuniary interest
Indirect holdings by spouse 156,000 shares Common stock held by spouse, reported as indirect ownership
Grant vesting date May 14, 2027 Vesting date of Annual Director's Stock Grant
Annual Director's Stock Grant financial
"Annual Director's Stock Grant awarded on May 14, 2026 and vesting on May 14, 2027."
pecuniary interest financial
"entities that are controlled by the reporting person in which the reporting person has a pecuniary interest."
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of other shares purchased by the entities."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WELCH M SCOTT
(Last)(First)(Middle)
107 W. FRANKLIN STREET
(Street)
ELKHART INDIANA 46516
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PATRICK INDUSTRIES INC [ PATK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/14/2026A1,594(1)A$0(1)33,366D
Common Stock156,000IBy Spouse
Common Stock3,192ISee footnote(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Annual Director's Stock Grant awarded on May 14, 2026 and vesting on May 14, 2027.
2. Reflects portion of the shares purchased through entities that are 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 entities.
Remarks:
/s/ M. Scott Welch by Joel D. Duthie, attorney-in-fact05/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PATK director M. Scott Welch report?

Director M. Scott Welch reported receiving an annual stock grant of 1,594 shares of Patrick Industries common stock. This was a compensation-related award, not an open-market purchase, and was granted on May 14, 2026 with a future vesting date.

How many Patrick Industries (PATK) shares were granted to the director?

The director was granted 1,594 shares of Patrick Industries common stock. According to the filing, these shares were awarded at no cost as part of his annual director compensation and increase his directly held position reported in the document.

When does the new stock grant to the Patrick Industries director vest?

The annual director stock grant vests on May 14, 2027. Until vesting, the shares remain subject to the award’s terms, which typically require continued board service. The grant date disclosed for this award is May 14, 2026, creating a one-year vesting period.

How many Patrick Industries shares does M. Scott Welch hold after the grant?

After the grant, he holds 33,366 shares directly. The filing also shows 3,192 shares held through entities he controls and 156,000 shares held by his spouse, which are reported as indirect holdings with specific footnote-based ownership descriptions.

Are the newly reported PATK shares an open-market purchase or a compensation award?

The newly reported 1,594 shares are a compensation award, not an open-market purchase. The Form 4 labels the transaction with code A, indicating a grant or award, and notes it as an annual director’s stock grant provided at no cost to the reporting person.

What do the indirect Patrick Industries holdings in entities and spouse mean?

Indirect holdings include 3,192 shares through entities controlled by the director, where he has a pecuniary interest, and 156,000 shares held by his spouse. The filing notes he disclaims beneficial ownership of other shares purchased by these entities beyond the portion reported.