Form 4: Director McLean Acquires UFPI Phantom Stock

UFP Industries Director Benjamin J. McLean acquired 518 phantom stock units, increasing his beneficial ownership to 14,120 units.

Summary

• Benjamin J. McLean, a Director of UFP INDUSTRIES INC (UFPI), acquired 518 phantom stock units.
• The transaction occurred on February 2, 2026.
• Each phantom stock unit is convertible on a 1-for-1 basis into shares of the Company's common stock.
• The phantom stock units were accrued under the Company's Deferred Compensation Plan.
• These units are payable in shares of the Company's common stock upon the reporting person's death, disability, or retirement.
• Following this transaction, Benjamin J. McLean beneficially owns 14,120 derivative securities (phantom stock units).
• The price of the derivative security at the time of acquisition was $104.9.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director's acquisition of additional phantom stock units aligns their interests with shareholders, indicating confidence in the company's future.

Positives

• The acquisition of additional phantom stock units by a director indicates continued alignment of management's interests with those of shareholders.
• Participation in the Company's Deferred Compensation Plan demonstrates a long-term commitment to the company's performance.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports an insider transaction.

Industry Context

StockSavvy.ai notes that insider acquisitions, even of phantom stock units through deferred compensation plans, are generally viewed as a positive signal, indicating a director's continued confidence in the company's long-term prospects and aligning their financial interests with shareholder value. This is a common mechanism for executive and director compensation in many industries.

Comparison to Industry Standards

• The use of phantom stock units as part of a deferred compensation plan is a standard practice in corporate governance across various industries, including manufacturing and building materials, to incentivize long-term commitment and align executive interests with shareholder returns.
• Many companies, such as Fortune Brands Home & Security (FBHS) or Masco Corporation (MAS), utilize similar equity-based compensation structures for their directors and executives to foster long-term value creation.

Related Party Transactions

• Acquisition of 518 phantom stock units by Benjamin J. McLean, a Director, under the Company's Deferred Compensation Plan. This is a transaction between a related party (director) and the issuer as part of a standard compensation arrangement.

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with the company's long-term performance, potentially fostering better governance and strategic decisions.
• Employees: No direct impact mentioned, but a stable and confident board can indirectly benefit employees.

Key Dates

Keywords

UFP Industries, UFPI, Benjamin J. McLean, Form 4, Phantom Stock, Director, Insider Transaction, Deferred Compensation, Equity Acquisition