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 13 phantom stock units in UFP Industries Inc. under the company's Deferred Compensation Plan.

Summary

• On April 30, 2024, Scott A. Worthington, President of UFP Packaging, LLC, acquired 13 phantom stock units of UFP Industries Inc.
• These units were accrued under the company's Deferred Compensation Plan.
• The phantom stock units are payable in shares of the company's common stock upon the reporting person's death, disability, or retirement.
• Following the transaction, Worthington beneficially owns 15,926 units in the company stock fund, which are not actual company shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests.

Positives

• The acquisition of phantom stock units aligns executive compensation with company performance and long-term value creation.

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

This filing is a routine disclosure related to executive compensation and is typical for companies with deferred compensation plans.

Stakeholder Impact

• The acquisition of phantom stock units by an executive can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates