Form 4: UFP Industries Executive Scott Worthington Reports Stock Grant

Scott Worthington, President of UFP Packaging, LLC, reports the acquisition of 10,174 shares of UFP Industries common stock through a restricted stock grant.

Summary

• On February 27, 2024, Scott A. Worthington, President of UFP Packaging, LLC, acquired 10,174 shares of UFP Industries Inc. common stock.
• The acquisition was a grant of restricted stock at a price of $113.49 per share.
• These shares vest on the fifth anniversary of the grant date, with earlier vesting possible upon death, disability, or retirement.
• Following the transaction, Worthington directly owns 117,587 shares of common stock and indirectly owns 12,290 shares through deferred compensation interest.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The acquisition of shares demonstrates the executive's continued investment in the company's success.

Future Outlook

The restricted stock grant vests over time, aligning the executive's interests with the long-term performance of the company.

Industry Context

Executive stock grants are a common practice in publicly traded companies to incentivize and retain key personnel.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of the shareholders.

Key Dates