Form 4: UFP Industries CFO Michael Cole Reports Stock Gift and Phantom Stock Unit Acquisition
SEC Form 4 Filing
Michael Cole, CFO of UFP Industries, reported a gift of 1,000 shares of common stock and the acquisition of 12 phantom stock units.
Summary
- On August 30, 2024, Michael Cole, the Chief Financial Officer of UFP Industries, reported a transaction involving the company's securities.
- Cole gifted 1,000 shares of UFP Industries common stock.
- He also acquired 12 phantom stock units under the company's Deferred Compensation Plan.
- Following these transactions, Cole directly owns 164,155 shares of UFP Industries common stock.
- He also holds 31,049 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting standard transactions. It doesn't inherently convey positive or negative sentiment.
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 disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of stock gift and phantom stock unit acquisition |
| 09/03/2024 | Date of signature by Attorney-in-Fact |
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