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

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

Summary

• On June 28, 2024, Scott A. Worthington, President of UFP Packaging, LLC, reported changes in his beneficial ownership of UFP Industries Inc. securities.
• Worthington acquired 13 phantom stock units under the Company's Deferred Compensation Plan.
• These phantom stock units are payable in shares of the Company's Common Stock until the reporting person's death, disability, or retirement.
• Following the transaction, Worthington beneficially owns 15,952 units in the company stock fund, which are not actual company shares.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership, which is neutral in sentiment.

Positives

• The acquisition of phantom stock units aligns Worthington's interests with the long-term performance of UFP Industries.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate company stock over time.

Industry Context

Executive compensation and stock ownership are common practices in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The reported changes in beneficial ownership may be of interest to shareholders as it reflects executive compensation and alignment with company performance.

Key Dates