Form 4: UFP Industries Inc. Executive Acquires Phantom Stock Units

David A. Tutas, General Counsel of UFP Industries Inc., reports the acquisition of phantom stock units under the company's Deferred Compensation Plan.

Summary

• On January 31, 2025, David A. Tutas, General Counsel of UFP Industries Inc. (UFPI), acquired 10 phantom stock units.
• These units were accrued under the company's Deferred Compensation Plan.
• The phantom stock units are payable in shares of UFPI's common stock upon the reporting person's death, disability, or retirement.
• Following the transaction, Tutas directly owns 19,081 shares of UFPI common stock.
• The price of the common stock was $115.65.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports a transaction related to executive compensation. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.
• The Deferred Compensation Plan provides a tax-advantaged way for executives to save for retirement.

Future Outlook

The phantom stock units will be payable in shares of the Company's common stock until the reporting person's death, disability or retirement.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a key executive is accumulating more deferred compensation in the form of phantom stock units.

Stakeholder Impact

• Shareholders may view the executive's increased stake in the company positively, as it aligns their interests with the company's long-term success.

Key Dates

Keywords

Form 4, UFP Industries, UFPI, David A. Tutas, Phantom Stock Units, Deferred Compensation Plan, Insider Trading, General Counsel