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

Director Thomas Wayne Rhodes reported the acquisition of 486 deferred stock units in UFP Industries on November 1, 2024, as part of director compensation.

Summary

• On November 1, 2024, Thomas Wayne Rhodes, a director of UFP Industries Inc., acquired 486 deferred stock units.
• These units were credited as part of the Director Compensation Plan.
• Each deferred stock unit is convertible to one share of common stock.
• The price of the deferred stock unit is $123.08.
• Following the transaction, Rhodes directly owns 62,675 derivative securities.
• 172 shares were credited based on a dividend paid on September 16, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative implications.

Positives

• The acquisition of deferred stock units reflects continued alignment of director interests with shareholder value.

Future Outlook

Shares are issuable following termination of service as a director.

Industry Context

This filing is a routine disclosure of insider transactions, common for directors receiving stock-based compensation. It provides transparency to investors regarding the holdings of company insiders.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units to align director interests with long-term shareholder value, a common practice among publicly traded companies.
• The specifics of director compensation plans vary widely across companies and industries, making direct comparisons challenging without detailed benchmarking data.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with long-term company performance.

Next Steps

• Shares will be issued following termination of service as a director.

Key Dates