Form 4: UFP Industries Executive Reports Acquisition of Phantom Stock Units

Patrick M. Benton, Pres, UFP Construction, LLC, reports acquisition of phantom stock units and holdings in UFP Industries Inc.

Summary

• On July 31, 2024, Patrick M. Benton, Pres, UFP Construction, LLC, reported a transaction involving UFP Industries Inc. securities.
• Benton acquired 11 phantom stock units under the Company's Deferred Compensation Plan.
• These units are payable in shares of the Company's Common Stock upon death, disability, or retirement.
• The price of the phantom stock units was $131.93.
• Following the reported transaction, Benton beneficially owns 10,878 derivative securities, including shares acquired through a dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of stock units by an executive is generally viewed as a positive sign, but it's a routine occurrence.

Positives

• The acquisition of phantom stock units by an executive could signal confidence in the company's future performance.

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 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates