Form 4: UFP Industries Executive Reports Stock Transactions
SEC Form 4 Filing
Patrick M. Benton, Pres, UFP Construction, LLC, reports transactions involving UFP Industries Inc. common stock and phantom stock units.
Summary
- On March 1, 2024, Patrick M. Benton, Pres, UFP Construction, LLC, executed transactions involving UFP Industries Inc. (UFPI) common stock.
- Benton acquired 474 shares of common stock through the vesting of phantom stock units.
- Benton also disposed of 127 shares of common stock at a price of $115.96.
- Following these transactions, Benton directly owns 109,428 shares of common stock.
- Benton also indirectly owns 38,923 shares through a 401k plan and 16,663 shares through deferred compensation interest.
- Additionally, Benton directly owns 10,753 phantom stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction (acquisition and disposition of shares and phantom stock units). |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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