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

Patrick M. Benton, Pres, UFP Construction, LLC, reports the acquisition of phantom stock units under UFP Industries' Deferred Compensation Plan.

Summary

• On May 31, 2024, Patrick M. Benton, Pres, UFP Construction, LLC, acquired 12 phantom stock units of UFP Industries Inc.
• These units were accrued under the company's Deferred Compensation Plan and are payable in shares of common stock upon death, disability, or retirement.
• Following the transaction, Benton directly owns 10,822 shares of UFP Industries Inc.
• The price of the phantom stock unit was $119.48.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The acquisition of phantom stock units can be seen as a positive sign of alignment between management and shareholders.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.

Industry Context

Executive compensation through stock and phantom stock units is a common practice in publicly traded companies to align management's interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.

Key Dates