Form 4: UFP Industries Director Joan Budden Reports Acquisition of Deferred Stock Units
SEC Form 4
Director Joan Budden reports acquisition of 323 deferred stock units of UFP Industries, Inc.
Summary
- Joan A Budden, a director of UFP Industries Inc, reported the acquisition of 323 deferred stock units on May 1, 2024.
- These units are convertible to common stock on a 1-for-1 basis following termination of service as a director.
- The reporting person directly owns 18,149 shares of common stock, which includes 50 shares credited based on dividends paid on March 15, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating a neutral sentiment.
Future Outlook
Shares issuable following termination of service as a director.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The acquisition of deferred stock units by a director may be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of dividend payment that resulted in 50 shares credited to the account |
| 05/01/2024 | Date of transaction: acquisition of deferred stock units |
| 05/03/2024 | Date of report submission |
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