Form 4: UFP Industries Executive Scott A. Worthington Reports Changes in Beneficial Ownership

Scott A. Worthington, President of UFP Packaging, LLC, reports acquisition and disposal of phantom stock units and adjustments to common stock holdings.

Summary

• On October 31, 2024, Scott A. Worthington reported changes in his beneficial ownership of UFP Industries Inc. securities.
• Worthington acquired 12 phantom stock units under the company's Deferred Compensation Plan, payable in shares of common stock upon death, disability, or retirement.
• He also reported an adjustment to his holdings, resulting in a total of 16,086 shares of common stock beneficially owned, which includes shares acquired through a dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine transactions. There are no indications of significant positive or negative events.

Positives

• The acquisition of phantom stock units indicates continued participation in the company's Deferred Compensation Plan.
• The dividend reinvestment plan contributes to an increase in common stock holdings.

Future Outlook

The phantom stock units will be 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 related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The report provides transparency to shareholders regarding executive compensation and stock ownership.
• Employees participating in the Deferred Compensation Plan are indirectly impacted by the valuation and distribution of phantom stock units.

Key Dates