Form 4: UFP Industries CFO Michael Cole Reports Stock Disposals and Phantom Stock Unit Acquisition

Michael Cole, CFO of UFP Industries, reports the disposal of 7,807 shares of common stock to cover tax obligations and the acquisition of 428 phantom stock units.

Summary

• Michael Cole, the Chief Financial Officer of UFP Industries, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 20, 2025, Cole disposed of 7,807 shares of common stock at a price of $109.84 per share.
• This disposal was likely to cover tax obligations related to vesting or other compensation.
• On the same date, Cole acquired 428 phantom stock units, also priced at $109.84.
• These phantom stock units are accrued under the company's Deferred Compensation Plan and are payable in shares of UFP Industries' common stock upon death, disability, or retirement.
• Following these transactions, Cole directly owns 156,347 shares of UFP Industries common stock.
• He also indirectly owns 29,477 shares through a 401k plan and 26,639 shares through deferred compensation interest.
• Additionally, Cole holds 31,703 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the holdings and transactions of company executives.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

UFP Industries, Michael Cole, CFO, Form 4, Stock Disposal, Phantom Stock Units, Beneficial Ownership, UFPI