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

Director Benjamin J. McLean reports acquisition of 298 deferred stock units of UFP Industries Inc. as part of director compensation.

Summary

• On May 1, 2024, Benjamin J. McLean, a director of UFP Industries Inc. (UFPI), acquired 298 deferred stock units.
• These units were credited as part of the Director Compensation Plan.
• The shares are issuable upon termination of service as a director.
• Following the transaction, McLean directly owns 10,814 derivative securities.
• 30 shares were credited based on a dividend payment on March 15, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of deferred stock units aligns the director's interests with those of the shareholders.
• The Director Compensation Plan seems to be functioning as intended.

Future Outlook

The shares are issuable upon termination of service as a director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of deferred stock units aligns the director's interests with those of the shareholders.

Key Dates