Form 4: UFP Industries Executive Patrick M. Benton Reports Stock Transactions

Patrick M. Benton, Pres, UFP Construction, LLC, reports disposition of shares to cover tax obligations and acquisition of phantom stock units.

Summary

• On February 20, 2025, Patrick M. Benton, Pres, UFP Construction, LLC, reported a transaction involving UFP Industries Inc. stock.
• Benton disposed of 10,313 shares of common stock at a price of $109.84 per share to satisfy tax obligations.
• Following the transaction, Benton directly owns 87,070 shares of common stock.
• Benton also indirectly owns 16,847 shares through a deferred compensation interest.
• Additionally, Benton acquired 589 phantom stock units, each convertible into one share of common stock, at a price of $109.84 per unit.
• After the transaction, Benton directly owns 11,584 derivative securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by an executive.

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 required by the SEC for corporate insiders, providing transparency into their trading activities. It does not necessarily reflect broader industry trends.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they represent routine adjustments to the executive's holdings.

Key Dates

Keywords

UFP Industries Inc, UFPI, Form 4, Stock Transaction, Beneficial Ownership, Patrick M. Benton, Phantom Stock Units, Deferred Compensation