Form 4: UFP Industries CFO Michael Cole Acquires Phantom Stock

UFP Industries CFO Michael R. Cole acquired 16 phantom stock units under the company's deferred compensation plan.

Summary

• Michael R. Cole, Chief Financial Officer of UFP Industries, acquired 16 phantom stock units on April 30, 2026.
• The units were acquired at a price of $89.49 per unit.
• These units are part of the company's Deferred Compensation Plan and are payable in common stock upon death, disability, or retirement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard executive compensation activity.

Positives

• Demonstrates executive participation in the company's deferred compensation plan, aligning interests with shareholders.

Negatives

• None identified.

Risks

• Value of phantom stock units is tied to the future performance of UFP Industries common stock.

Future Outlook

The phantom stock units will be settled in shares of common stock upon the reporting person's death, disability, or retirement.

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

StockSavvy.ai notes that routine acquisitions of phantom stock by executives via deferred compensation plans are standard corporate governance practices and generally do not signal a change in market sentiment or strategic direction.

Comparison to Industry Standards

• The use of phantom stock units for executive compensation is a common practice among mid-to-large cap industrial companies to defer tax liabilities and retain key talent.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine compensation-related transaction.

Next Steps

• No future actions or milestones mentioned.

Key Dates

Keywords

UFP Industries, UFPI, Insider Trading, Form 4, Phantom Stock, CFO