Form 4: UFP Industries CFO Acquires Phantom Stock Units Under Deferred Compensation Plan

UFP Industries' Chief Financial Officer, Michael R. Cole, acquired 15 phantom stock units on May 30, 2025, as part of the company's deferred compensation plan.

Summary

• Michael R. Cole, the Chief Financial Officer (CFO) of UFP Industries Inc. (UFPI), acquired 15 phantom stock units.
• The transaction took place on May 30, 2025, and was reported on June 2, 2025.
• These phantom stock units were accrued under the Company's Deferred Compensation Plan.
• Each phantom stock unit is convertible on a 1-for-1 basis into shares of UFPI Common Stock.
• The derivative security was valued at $97.56 per unit at the time of acquisition.
• Following this acquisition, Mr. Cole's total beneficial ownership of phantom stock units stands at 31,489.
• The reported beneficial ownership includes shares acquired through a dividend reinvestment plan.
• The phantom stock units are payable in shares of the Company's Common Stock upon the reporting person's death, disability, or retirement.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by the CFO, as part of a deferred compensation plan, generally indicates alignment of management's long-term interests with shareholders. It's a routine compensation event rather than a discretionary open-market purchase, but still reflects continued participation in the company's equity.

Positives

• The acquisition of phantom stock units by the CFO aligns management's long-term interests with those of shareholders, as these units are convertible into common stock.
• Participation in the Deferred Compensation Plan indicates a structured approach to executive compensation and retention.

Future Outlook

This Form 4 filing primarily reports a past transaction and does not contain explicit forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The phantom stock units were accrued under the Company's Deferred Compensation Plan and are payable in shares of the Company's Common Stock until the reporting person's death, disability or retirement.

Industry Context

This specific filing details an individual insider transaction related to executive compensation and does not provide broader industry trends or competitive analysis. It reflects a routine aspect of corporate governance and executive incentive structures within the manufacturing or building materials sector, where UFP Industries operates.

Corporate Governance

Related Party Transactions

• The acquisition of phantom stock units by the Chief Financial Officer from the company under a deferred compensation plan constitutes a related party transaction, which is a standard component of executive compensation.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive interests with shareholder value through equity-based compensation.
• Employees: Reflects the company's established executive compensation framework, potentially influencing broader employee incentive structures.

Next Steps

• The phantom stock units will be converted into shares of Common Stock upon the reporting person's death, disability, or retirement, as per the terms of the Deferred Compensation Plan.

Key Dates

Recommendation

Keywords

UFP Industries, UFPI, Michael R. Cole, Chief Financial Officer, CFO, Phantom Stock Units, Deferred Compensation Plan, Insider Transaction, SEC Form 4, Beneficial Ownership