Form 4: UFP Industries CFO Michael Cole Reports Acquisition of Phantom Stock Units

UFP Industries' Chief Financial Officer, Michael Cole, acquired 13 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Michael Cole, the Chief Financial Officer of UFP Industries, reported a transaction on December 30, 2024.
• He acquired 13 phantom stock units under the company's Deferred Compensation Plan.
• These units are payable in shares of UFP Industries' common stock upon his death, disability, or retirement.
• The price of the underlying common stock was $112.19 per share.
• Mr. Cole now beneficially owns 31,262 shares, including those acquired through a dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock units is a positive sign of alignment with company performance.

Positives

• The acquisition of phantom stock units aligns the CFO's interests with the long-term performance of the company.
• The deferred compensation plan provides a mechanism for long-term incentive for key executives.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use deferred compensation plans and phantom stock units as part of their executive compensation packages.
• The use of phantom stock units is a common method to align executive interests with long-term shareholder value.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with long-term company performance.

Key Dates

Keywords

UFP Industries, Michael Cole, phantom stock units, deferred compensation plan, insider trading, SEC Form 4, executive compensation