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

David A. Tutas, Chief Comp Off, Gen Csl, Secty of UFP Industries, reports stock transactions including the disposition of shares and phantom stock units.

Summary

• On March 1, 2024, David A. Tutas, Chief Comp Off, Gen Csl, Secty of UFP Industries Inc. (UFPI), reported transactions involving the company's common stock and phantom stock units.
• Tutas disposed of 72 shares of common stock at a price of $115.96.
• He also disposed of 72 phantom stock units, each equivalent to one share of common stock.
• Following these transactions, Tutas directly owns 22,340 shares of common stock and indirectly owns 13,717 shares through deferred compensation interest.
• He also directly owns 18,252 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their potential impact on the company's stock.

Stakeholder Impact

• Shareholders may be interested in the insider's transactions as an indicator of management's confidence in the company.

Key Dates