Form 4: UFP Industries Executive Scott A. Worthington Reports Acquisition of Phantom Stock Units

Scott A. Worthington, President of UFP Packaging, LLC, reports the acquisition of phantom stock units under the company's Deferred Compensation Plan.

Summary

• On May 31, 2024, Scott A. Worthington, President of UFP Packaging, LLC, acquired 12 phantom stock units under UFP Industries' Deferred Compensation Plan.
• These phantom stock units are payable in shares of UFP Industries' Common Stock upon the reporting person's death, disability, or retirement.
• The price of the phantom stock units was $119.48.
• Following the transaction, Worthington directly owns 15,939 units in the company stock fund, which are not actual company shares.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate wealth tied to the company's stock performance.

Future Outlook

The phantom stock units will be payable in shares of UFP Industries' Common Stock upon the reporting person's death, disability, or retirement.

Industry Context

Executive compensation packages often include stock-based awards to incentivize performance and align executive interests with shareholder value. Phantom stock units are a common tool used for this purpose.

Stakeholder Impact

• The acquisition of phantom stock units aligns the executive's interests with shareholders, potentially driving long-term value creation.

Key Dates