Form 4: UFP Industries Executive David A. Tutas Reports Acquisition of Phantom Stock Units

David A. Tutas, Chief Comp Off, Gen Csl, Secty of UFP Industries, reports acquiring 8 phantom stock units through the company's Deferred Compensation Plan.

Summary

• On August 30, 2024, David A. Tutas, a Chief Comp Off, Gen Csl, Secty at UFP Industries Inc., acquired 8 phantom stock units.
• These units were accrued under the company's Deferred Compensation Plan.
• The price of the phantom stock units was $121.67.
• Tutas now holds a total of 18,410 phantom stock units, including units acquired through dividend reinvestment.
• The phantom stock units are payable in shares of UFP Industries' Common Stock until the reporting person's death, disability, or retirement.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Future Outlook

The phantom stock units are payable in shares of the Company's Common Stock until the reporting person's death, disability or retirement.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies and their officers.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates