Form 4: UFP Industries Executive Chairman Matthew Missad Reports Acquisition of Phantom Stock Units

Matthew Missad, Executive Chairman of UFP Industries, reports the acquisition of phantom stock units under the company's Deferred Compensation Plan.

Summary

• On April 30, 2025, Matthew J. Missad, Executive Chairman of UFP Industries Inc., acquired 14 phantom stock units.
• These units were accrued under the company's Deferred Compensation Plan.
• The phantom stock units are payable in shares of the company's common stock upon the reporting person's death, disability, or retirement.
• Following the transaction, Missad directly owns 93,042 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports a transaction related to executive compensation. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.
• The Deferred Compensation Plan provides a tax-advantaged way for executives to save for retirement.

Industry Context

Executive compensation through stock and deferred compensation plans is a common practice in publicly traded companies to incentivize performance and align executive interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a standard component of executive compensation packages in publicly traded companies like UFP Industries.
• Companies such as Builders FirstSource and Louisiana-Pacific Corporation also utilize similar compensation strategies to attract and retain top talent.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding executive compensation and ownership.

Key Dates

Keywords

UFP Industries, Matthew Missad, phantom stock units, Deferred Compensation Plan, Form 4, executive compensation, beneficial ownership