Form 4: UFP Industries CFO Michael R. Cole Reports Changes in Beneficial Ownership

Michael R. Cole, CFO of UFP Industries, reports changes in beneficial ownership, including the acquisition of phantom stock units and shares through a dividend reinvestment plan.

Summary

• Michael R. Cole, the Chief Financial Officer of UFP Industries Inc., filed a Form 4 with the SEC on October 1, 2024.
• The report details changes in his beneficial ownership of the company's securities.
• On September 30, 2024, Cole acquired 11 phantom stock units under the company's Deferred Compensation Plan.
• These units are payable in shares of UFP Industries' common stock upon death, disability, or retirement.
• The price of the phantom stock units was $131.21.
• Cole also owns shares acquired through a dividend reinvestment plan.
• Following the reported transactions, Cole beneficially owns 31,060 shares of UFP Industries Inc.
• The filing was signed by Katherine L. Karel, Attorney-in-Fact for Michael R. Cole.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing. The acquisition of phantom stock units could be seen as a positive sign of management's alignment with company performance.

Positives

• The acquisition of phantom stock units aligns the CFO's interests with the long-term performance of the company.
• Participation in the dividend reinvestment plan demonstrates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CFO's holdings and transactions in the company's stock.

Key Dates