Form 4: UFP Industries CFO Michael R. Cole Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Michael R. Cole, CFO of UFP Industries, reports the acquisition of 12 phantom stock units under the company's Deferred Compensation Plan on January 31, 2025.
Summary
- On January 31, 2025, Michael R. Cole, the Chief Financial Officer of UFP Industries Inc. (UFPI), acquired 12 phantom stock units.
- These units were accrued under the company's Deferred Compensation Plan.
- The phantom stock units are payable in shares of UFP Industries' common stock upon the reporting person's death, disability, or retirement.
- Following the transaction, Cole directly owns 31,274 shares of UFP Industries common stock.
- The price of the transaction was $115.65.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing an executive's compensation. It's neutral in tone and provides necessary information to the market.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Michael R. Cole acquired phantom stock units. |
| 02/04/2025 | Date of report: Katherine L. Karel, Attorney-in-Fact, signed the report on behalf of Michael R. Cole. |
Keywords
UFP Industries, Michael R. Cole, CFO, phantom stock units, Deferred Compensation Plan, Form 4, beneficial ownership, UFPI
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