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

Director Thomas Wayne Rhodes reports acquiring 474 deferred stock units of UFP Industries as part of director compensation.

Summary

• On August 1, 2024, Thomas Wayne Rhodes, a director of UFP Industries Inc., reported the acquisition of 474 deferred stock units.
• These units were credited as part of the Director Compensation Plan.
• The price of the deferred stock unit is $126.2.
• Following the transaction, Rhodes directly owns 62,017 derivative securities.
• Additionally, 178 shares were credited based on a dividend paid on June 15, 2024.

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 aligns the director's interests with the company's performance.
• The Director Compensation Plan is in effect.

Future Outlook

Shares are issuable following termination of service as a director.

Industry Context

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

Stakeholder Impact

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

Key Dates