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

Michael Cole, CFO of UFP Industries, reports acquiring phantom stock units and common stock through a transaction on February 27, 2025.

Summary

• Michael Cole, the Chief Financial Officer of UFP Industries Inc. (UFPI), filed a Form 4 on March 3, 2025, reporting changes in beneficial ownership.
• On February 27, 2025, Cole acquired 415 shares of Common Stock at a price of $109.84 per share.
• Cole also acquired 13 Phantom Stock Units on February 28, 2025, with a price of $107.
• Following these transactions, Cole directly owns 169,287 shares of Common Stock.
• Cole also indirectly owns 29,477 shares of Common Stock through a 401k plan and 27,055 shares through a Deferred Compensation Interest.
• Additionally, Cole directly owns 31,716 Phantom Stock Units.
• 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports transactions related to executive compensation. The acquisition of shares by the CFO could be interpreted as a slightly positive signal, but it's a routine filing.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Insider trading activity is closely monitored as it can provide insights into a company's performance and future prospects. Form 4 filings are a routine part of this monitoring process.

Key Dates