Form 4: UFP Industries Executive David A. Tutas Reports Stock Grant

David A. Tutas, Chief Comp Off, Gen Csl, Secty of UFP Industries, reports receiving a grant of 2,276 shares of restricted stock on February 27, 2024.

Summary

• On February 27, 2024, David A. Tutas, Chief Comp Off, Gen Csl, Secty of UFP Industries, acquired 2,276 shares of common stock at a price of $113.49 per share.
• These shares represent a grant of restricted stock that vests on the fifth anniversary of the grant date, with earlier vesting possible upon death, disability, or retirement.
• Following the transaction, Tutas directly owns 24,616 shares of common stock and indirectly owns 13,717 shares through deferred compensation interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock grant. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders, incentivizing long-term performance.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of stock grants to company executives, which is a common practice in publicly traded companies to incentivize management and align their interests with shareholders.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment as it aligns management's interests with those of the shareholders.

Key Dates