Form 4: UFP Industries CFO Michael R. Cole Reports Acquisition of Phantom Stock Units

Michael R. Cole, CFO of UFP Industries, reports the acquisition of phantom stock units under the company's Deferred Compensation Plan.

Summary

• On March 31, 2025, Michael R. Cole, the Chief Financial Officer of UFP Industries Inc. (UFPI), reported acquiring phantom stock units.
• The acquisition was made under the company's Deferred Compensation Plan.
• Cole acquired 13 phantom stock units, each convertible to one share of common stock.
• The price per unit was $107.04.
• Following the transaction, Cole beneficially owns 31,834 shares, including shares acquired through a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a standard transaction related to executive compensation. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of phantom stock units aligns the CFO's interests with the long-term performance of the company.
• The Deferred Compensation Plan allows for the accumulation of shares over time, promoting stability.

Future Outlook

The phantom stock units are payable in shares of the Company's Common Stock until the reporting person's death, disability or retirement.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates compensation and investment activity by a key executive.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with the company's performance.

Key Dates

Keywords

UFP Industries, Michael R. Cole, CFO, phantom stock units, Deferred Compensation Plan, beneficial ownership, Form 4, UFPI