Form 4: UFP Industries CFO Michael Cole Reports Securities Transaction
SEC Form 4 Filing
Michael Cole, CFO of UFP Industries, reports a transaction involving the disposition of common stock due to a 401(k) refund for excess contribution.
Summary
- Michael Cole, the Chief Financial Officer of UFP Industries Inc., filed a Form 4 indicating changes in beneficial ownership of the company's stock.
- The transaction occurred on March 6, 2025.
- Cole disposed of 13 shares of common stock at a price of $103.51 per share due to a 401(k) refund for excess contribution.
- Following the transaction, Cole directly owns 169,287 shares of UFP Industries Inc. common stock.
- Cole also indirectly owns 29,463 shares through a 401(k) plan and 27,055 shares through deferred compensation interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of the stock transaction (disposal of 13 shares). |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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