Form 4: UFP Industries Executive Scott Worthington Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Scott Worthington, President of UFP Packaging, LLC, reports an acquisition of phantom stock units under the company's Deferred Compensation Plan.
Summary
- On March 29, 2024, Scott A. Worthington, President of UFP Packaging, LLC, reported changes in his beneficial ownership of UFP Industries Inc. securities.
- Worthington acquired 11 phantom stock units under the company's Deferred Compensation Plan.
- These phantom stock units are payable in shares of UFP Industries' Common Stock upon death, disability, or retirement.
- The price of the phantom stock units was $123.01.
- Following the transaction, Worthington beneficially owns 15,913 units in the company stock fund, which are not actual company shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with neutral sentiment.
Future Outlook
The phantom stock units are 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 transaction has a minimal direct impact on stakeholders, as it relates to executive compensation and deferred stock units.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Acquisition of phantom stock units. |
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