Form 4: UFP Industries Director Thomas Wayne Rhodes Reports Acquisition of Deferred Stock Units

Director Thomas Wayne Rhodes reports acquisition of deferred stock units in UFP Industries as part of director compensation.

Summary

• On February 3, 2025, Thomas Wayne Rhodes, a director of UFP Industries Inc., acquired 519 deferred stock units as part of the Director Compensation Plan.
• These units are convertible to common stock on a 1-for-1 basis following termination of service as a director.
• The price of the deferred stock unit is $115.32.
• Following the transaction, Rhodes beneficially owns 63,354 derivative securities.
• Additionally, 160 shares were credited based on a dividend paid on December 16, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning 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 provides a structured approach to compensating directors.

Future Outlook

The deferred stock units will convert to common stock following the termination of service as a director.

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units.
• Deferred stock units are a common component, allowing directors to defer income and align their interests with long-term shareholder value.
• Comparing the specifics of UFP Industries' director compensation plan to those of its peers (e.g., Boise Cascade, Louisiana-Pacific) would provide a more detailed assessment of its competitiveness.

Stakeholder Impact

• Shareholders may view the director's acquisition of deferred stock units positively, as it aligns their interests with the long-term performance of the company.

Key Dates

Keywords

UFP Industries, Director Compensation, Deferred Stock Units, Form 4, Beneficial Ownership, Thomas Wayne Rhodes, UFPI, Director