Form 4: UFP Industries Executive Scott Worthington Reports Stock Transactions

Scott Worthington, President of UFP Packaging, LLC, reports the disposition of shares to cover tax obligations and the acquisition of phantom stock units.

Summary

• On February 20, 2025, Scott A. Worthington, President of UFP Packaging, LLC, engaged in transactions involving UFP Industries Inc. stock.
• Worthington disposed of 3,835 shares of common stock to satisfy tax obligations at a price of $109.84 per share.
• He also acquired 428 phantom stock units under the company's Deferred Compensation Plan, with each unit equivalent to one share of common stock valued at $109.84.
• Following these transactions, Worthington directly owns 113,752 shares of common stock and indirectly owns 12,426 shares through deferred compensation interest.
• He also holds 16,562 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, 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 Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's a standard practice in publicly traded companies to ensure fair market practices.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to tax obligations and deferred compensation.

Key Dates

Keywords

UFP Industries, UFPI, Scott Worthington, Form 4, Stock Transaction, Phantom Stock Units, Deferred Compensation, Insider Trading