Form 4: UFP Industries CFO Michael R. Cole Reports Stock Sale
SEC Form 4 Filing
Michael R. Cole, CFO of UFP Industries, sold 1,452 shares of common stock on May 13, 2024.
Summary
- On May 13, 2024, Michael R. Cole, the Chief Financial Officer of UFP Industries Inc. (UFPI), sold 1,452 shares of the company's common stock.
- The sale was executed at a price of $119.285 per share.
- Following the transaction, Cole directly owns 165,155 shares of UFP Industries Inc.
- Cole also indirectly owns 29,015 shares through a 401k plan and 26,422 shares through deferred compensation interest.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction without any explicit positive or negative implications.
Industry Context
This is a routine disclosure of an insider transaction. Insider sales can sometimes be interpreted negatively by the market, but without further context, it's difficult to assess the impact.
Stakeholder Impact
- The stock sale by a key executive could potentially influence investor sentiment, although the impact is likely to be minimal unless part of a larger trend.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of stock sale transaction |
| 05/14/2024 | Date of signature on the Form 4 filing |
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