Form 4: UFP Industries CFO Acquires Phantom Stock Units

UFP Industries CFO Michael Cole acquired 15 phantom stock units at $92.99 each, increasing his beneficial ownership to 31,806 units.

Summary

• Michael R. Cole, Chief Financial Officer of UFP Industries Inc. (UFPI), acquired 15 phantom stock units.
• The transaction occurred on November 28, 2025, as part of the Company's Deferred Compensation Plan.
• Each phantom stock unit was valued at $92.99.
• These units are convertible on a 1-for-1 basis into shares of UFP Industries common stock.
• Following this acquisition, Michael Cole beneficially owns 31,806 derivative securities (phantom stock units).
• The phantom stock units are payable in shares of the Company's common stock upon the reporting person's death, disability, or retirement.
• The transaction was made pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a CFO as part of a deferred compensation plan is a routine event. It is slightly positive as it indicates continued alignment of management's interests with shareholders, but it is not a significant market-moving event.

Positives

• The acquisition of phantom stock units by the CFO increases his alignment with shareholder interests.
• Participation in the Company's Deferred Compensation Plan demonstrates management's long-term commitment to the company.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the nature of the deferred compensation plan, which indicates future payment in common stock upon specific events.

Industry Context

This is a routine insider transaction related to executive compensation and does not directly reflect broader industry trends or competitive dynamics. It is a standard mechanism for aligning executive incentives with long-term company performance.

Comparison to Industry Standards

• Deferred compensation plans involving phantom stock units are a common practice in publicly traded companies across various industries, including manufacturing and building materials, to retain key executives and align their interests with shareholders.
• The structure, where units convert to common stock upon specific events (death, disability, retirement), is a standard feature of such plans, comparable to those offered by peers in the building products sector.

Stakeholder Impact

• Shareholders: Increased alignment of the CFO's long-term interests with shareholder value through equity-based compensation.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Keywords

UFP Industries, UFPI, Phantom Stock, Insider Transaction, Form 4, Deferred Compensation, Executive Compensation, Michael Cole, CFO