Form 4: Patrick Industries Director Buys Shares
Insider Transaction Report
Patrick Industries Director Blake Augsburger acquired 400 shares of common stock for $85.19 per share.
Summary
- Blake Augsburger, a Director at Patrick Industries Inc., purchased 400 shares of common stock on May 5, 2026.
- The purchase price was $85.19 per share.
- Following this transaction, Augsburger beneficially owns 2,125 shares of common stock.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive development, as an insider purchase can signal confidence, but it is a single transaction and does not provide broader financial performance insights.
Positives
- Director's investment in the company's stock, indicating confidence in its future prospects.
Future Outlook
No specific forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that insider purchases, particularly by directors, can be a signal of management's belief in the company's valuation and future performance within the manufacturing and building products sector.
Stakeholder Impact
- Shareholders may view this purchase positively as a sign of insider confidence.
Key Dates
| Date | Description |
|---|---|
| 05/05/2026 | Transaction Date (Acquisition of common stock) |
| 05/06/2026 | Date of Report |
Keywords
Patrick Industries, PATK, Form 4, Insider Trading, Director Purchase, Common Stock
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