Form 4: UFP Industries Executive Scott Worthington Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Scott Worthington, President of UFP Packaging, LLC, reports acquiring phantom stock units and discloses beneficial ownership of UFP Industries Inc. securities.
Summary
- On August 30, 2024, Scott A. Worthington, President of UFP Packaging, LLC, acquired 12 phantom stock units under the company's Deferred Compensation Plan.
- These units are payable in shares of UFP Industries Inc.'s common stock upon death, disability, or retirement.
- Worthington also reported beneficial ownership of 16,020 shares of common stock, which includes shares acquired through a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.
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.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of phantom stock units. |
| 09/03/2024 | Date of report signature. |
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