Form 4: UFP Industries Director Thomas Wayne Rhodes Reports Acquisition of Deferred Stock Units
SEC Form 4
Director Thomas Wayne Rhodes reports acquisition of deferred stock units in UFP Industries as part of director compensation.
Summary
- Thomas Wayne Rhodes, a director of UFP Industries Inc., reported the acquisition of 599 deferred stock units on May 1, 2025, at a price of $99.93 per unit.
- These units were credited as part of the Director Compensation Plan and are issuable following termination of service as a director.
- Rhodes also received 194 shares based on a dividend paid on March 17, 2025.
- Following the reported transaction, Rhodes beneficially owns 64,147 deferred stock units.
Sentiment
Score: 7
Explanation: The sentiment is neutral to 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 includes dividend payments, further aligning interests.
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.
Comparison to Industry Standards
- Director compensation packages often include a mix of cash, stock options, and restricted stock units.
- The specifics of these packages vary widely based on company size, industry, and individual director responsibilities.
- Comparing UFP Industries' director compensation to that of similar-sized companies in the building materials industry would provide a more detailed benchmark.
Stakeholder Impact
- The acquisition of deferred stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
Key Dates
| Date | Description |
|---|---|
| March 17, 2025 | Date of dividend payment resulting in 194 shares credited. |
| May 01, 2025 | Date of transaction: acquisition of 599 deferred stock units. |
| May 02, 2025 | Date of report. |
Keywords
UFP Industries, Director Compensation, Deferred Stock Units, Form 4, Beneficial Ownership, Rhodes, UFPI, Director
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