Form 4: UFP Industries Director Benjamin J. McLean Reports Acquisition of Deferred Stock Units

Director Benjamin J. McLean reports acquisition of deferred stock units in UFP Industries as part of director compensation.

Summary

• On February 3, 2025, Benjamin J. McLean, a director of UFP Industries Inc., acquired 293 deferred stock units as part of the Director Compensation Plan.
• These units are convertible to common stock on a 1-for-1 basis and are issuable upon termination of service as a director.
• The price of the deferred stock unit is $115.32.
• Additionally, 29 shares were credited based on a dividend payment on December 16, 2024.
• Following the reported transaction, McLean beneficially owns 11,740 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of deferred stock units as part of the Director Compensation Plan aligns the director's interests with the long-term performance of the company.
• The dividend payment resulting in additional shares indicates a return of value to the director.

Future Outlook

The shares are issuable upon termination of service as director.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholders by aligning the director's interests with the company's performance.

Key Dates

Keywords

UFP Industries, Director Compensation, Deferred Stock Units, Beneficial Ownership, Form 4, McLean, UFPI, Director