Form 4: UFP Industries CFO Michael Cole Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Michael Cole, CFO of UFP Industries, reports acquiring phantom stock units under the company's Deferred Compensation Plan.
Summary
- On July 31, 2024, Michael R. Cole, the Chief Financial Officer of UFP Industries Inc., reported a transaction involving phantom stock units.
- Cole acquired 11 phantom stock units under the company's Deferred Compensation Plan at a price of $131.93.
- These units are payable in shares of UFP Industries' common stock upon death, disability, or retirement.
- Following the transaction, Cole directly owns 31,037 derivative securities, which includes shares acquired through a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction, which is neutral in sentiment.
Future Outlook
The phantom stock units are payable in shares of the Company's Common Stock until the reporting person's death, disability or retirement.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Michael Cole acquired phantom stock units. |
| 07/31/2024 | Date of report: Katherine L. Karel, Attorney-in-Fact for Michael R. Cole, signed the report. |
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