Form 4: UFP Industries CFO Acquires Shares, Phantom Stock

UFP Industries' Chief Financial Officer, Michael R. Cole, reported the acquisition of common stock and phantom stock units through pre-planned transactions.

Summary

• Michael R. Cole, Chief Financial Officer of UFP Industries Inc. (UFPI), reported changes in his beneficial ownership.
• On February 27, 2026, Cole acquired 2,188 shares of common stock at a price of $110.55 per share, increasing his direct beneficial ownership to 178,185 shares.
• Also on February 27, 2026, Cole acquired 14 phantom stock units at $102.91 per unit, which are convertible 1-for-1 into common stock and are payable upon death, disability, or retirement, bringing his direct beneficial ownership of phantom stock units to 32,381.
• On February 26, 2026, Cole acquired 179 shares of common stock at $110.55 per share through an Executive Stock Grant Plan, increasing his indirect beneficial ownership via this plan to 27,621 shares.
• An additional 29,895 shares are held indirectly through a 401(k) Plan.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as it indicates continued insider ownership and alignment with shareholder interests, though the 10b5-1 plan context suggests it's a routine, non-discretionary transaction.

Positives

• Insider acquisition of common stock and phantom stock units indicates continued alignment of management interests with shareholders.
• The transactions were executed under a Rule 10b5-1 plan, suggesting a pre-scheduled, non-discretionary acquisition.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine insider acquisitions, especially those under 10b5-1 plans, are common across industries as part of executive compensation and long-term incentive structures. These transactions typically reflect pre-determined schedules rather than immediate market sentiment.

Comparison to Industry Standards

• Insider stock acquisitions are a standard component of executive compensation packages across publicly traded companies.
• The specific volume and price of shares acquired by Michael R. Cole are consistent with typical executive equity grants and purchases, aligning with practices seen in comparable companies within the building materials and manufacturing sectors.
• For example, executives at companies like Louisiana-Pacific Corporation (LPX) or Weyerhaeuser Company (WY) often receive similar equity-based compensation, which is then reported via Form 4 filings.

Related Party Transactions

• The transactions involve an officer of the company acquiring company stock, which is a standard and disclosed form of executive compensation.

Stakeholder Impact

• Shareholders: Increased alignment of CFO's interests with shareholders through direct and indirect stock ownership.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Recommendation

The filing details routine insider acquisitions by the CFO under a pre-planned 10b5-1 program. While insider buying can be a positive signal, the pre-scheduled nature of these transactions means they do not necessarily reflect a new, immediate bullish sentiment from management. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide a strong catalyst for a change in investment thesis, but rather confirms ongoing executive compensation practices and alignment.

Keywords

UFP Industries, UFPI, Michael R. Cole, CFO, Insider Trading, Form 4, Stock Acquisition, Phantom Stock, 10b5-1 Plan, Executive Compensation