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

Michael Cole, CFO of UFP Industries, reports the acquisition of phantom stock units under the company's Deferred Compensation Plan.

Summary

• Michael R. Cole, CFO of UFP Industries, filed a Form 4/A with the SEC on January 15, 2025, reporting changes in beneficial ownership.
• The report details the acquisition of 13 phantom stock units on December 31, 2024, under the company's Deferred Compensation Plan.
• These units are payable in shares of UFP Industries' common stock upon the reporting person's death, disability, or retirement.
• The report also indicates that Cole directly owns 31,262 shares of UFP Industries common stock, including shares acquired through a dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of executive compensation, indicating a neutral to slightly positive sentiment as it reflects ongoing participation in company benefit plans.

Positives

• The acquisition of phantom stock units aligns the CFO's interests with the long-term performance of the company.
• Participation in the dividend reinvestment plan demonstrates a commitment to the company's stock.

Industry Context

Executive compensation packages often include phantom stock units to incentivize long-term performance and align executive interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units by the CFO could have a minor positive impact on shareholder confidence, as it aligns the executive's interests with the company's long-term success.

Key Dates