4/A: UFP Industries Executive Patrick M. Benton Reports Acquisition of Phantom Stock Units
SEC Form 4/A
Patrick M. Benton, Pres, UFP Construction, LLC, reports acquiring phantom stock units under UFP Industries' Deferred Compensation Plan.
Summary
- On December 31, 2024, Patrick M. Benton, Pres, UFP Construction, LLC, acquired 13 phantom stock units of UFP Industries Inc.
- These units were accrued under the company's Deferred Compensation Plan.
- Following the transaction, Benton directly owns 10,995 shares of Common Stock.
- The phantom stock units are payable in shares of the company's Common Stock upon death, disability, or retirement of the reporting person.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of phantom stock units suggests confidence in the company's future performance. It's a routine transaction, but it reflects positively on management's commitment.
Positives
- The acquisition of phantom stock units indicates continued alignment of executive compensation with company performance.
Future Outlook
The phantom stock units are payable in shares of the company's Common Stock upon death, disability, or retirement of the reporting person.
Industry Context
Executive compensation through stock and phantom stock units is a common practice in publicly traded companies to incentivize performance and align management interests with shareholder value.
Stakeholder Impact
- The acquisition of phantom stock units aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Acquisition of phantom stock units |
| 01/02/2025 | Date of original filing (amendment) |
| 01/15/2025 | Date of signature |
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