Form 4: UFP Industries CEO William Danny Schwartz Reports Stock Transactions

William Danny Schwartz, CEO of UFP Industries, reports the disposition of shares to cover tax obligations and the acquisition of phantom stock units.

Summary

• On February 20, 2025, William Danny Schwartz, CEO of UFP Industries, engaged in transactions involving the company's stock.
• Schwartz disposed of 2,949 shares of common stock at a price of $109.84 to satisfy tax obligations.
• He also acquired 589 phantom stock units, each convertible to one share of common stock, under the company's Deferred Compensation Plan.
• Following these transactions, Schwartz directly owns 54,835 shares of common stock, indirectly owns 2,380 shares through a 401k plan, and 9,993 shares through deferred compensation interest.
• He also holds 10,367 phantom stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions appear routine and related to tax obligations and deferred compensation.

Positives

• The acquisition of phantom stock units suggests continued alignment of the CEO's interests with the long-term performance of the company.

Future Outlook

The document does not contain explicit forward-looking statements, but the phantom stock units are payable in shares of the company's common stock until the reporting person's death, disability or retirement.

Industry Context

Insider transactions are routinely monitored by investors to gauge management's sentiment regarding the company's prospects. Dispositions to cover tax obligations are common and generally not viewed negatively.

Key Dates

Keywords

UFP Industries, UFPI, William Danny Schwartz, CEO, stock transaction, Form 4, phantom stock units, Deferred Compensation Plan, insider trading