Form 4: UFP Industries Executive Scott Worthington Reports Stock and Phantom Stock Unit Transactions

Scott Worthington, President of UFP Packaging, LLC, reports the acquisition of common stock and phantom stock units, along with adjustments to his holdings in UFP Industries Inc.

Summary

• On February 29, 2024, Scott A. Worthington, President of UFP Packaging, LLC, reported transactions involving UFP Industries Inc. stock.
• Worthington acquired 440 shares of common stock at a price of $111.35 per share.
• He also acquired 12 phantom stock units under the company's Deferred Compensation Plan, with a price of $114.63.
• Following these transactions, Worthington directly owns 107,413 shares of common stock and indirectly owns 12,290 shares through deferred compensation interest.
• He also directly owns 15,856 phantom stock units.
• The phantom stock units are payable in shares of the company's common stock upon death, disability, or retirement.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, so the sentiment is neither positive nor negative.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance. It simply reports the transactions of an executive.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like Scott Worthington, trade in their company's stock. It provides transparency to the market regarding the transactions of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into executive behavior.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates