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

Michael R. Cole, CFO of UFP Industries, reported the acquisition of 12 phantom stock units on May 31, 2024, under the company's Deferred Compensation Plan.

Summary

• On May 31, 2024, Michael R. Cole, the Chief Financial Officer of UFP Industries Inc., 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.
• The price of the phantom stock units was $119.48.
• Following the transaction, Cole directly owns 30,924 shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices. It doesn't contain any particularly positive or negative news, hence a neutral to slightly positive sentiment.

Positives

• The acquisition of phantom stock units by the CFO aligns his interests with the long-term performance of the company.
• The Deferred Compensation Plan provides a tax-advantaged way for executives to save for retirement.

Future Outlook

The phantom stock units will be payable in shares of the company's common stock upon the reporting person's death, disability, or retirement.

Industry Context

This filing is a routine disclosure of executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with shareholders.

Stakeholder Impact

• The acquisition of phantom stock units by the CFO aligns his interests with shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates