Form 4: UFP Industries Inc. Executive Acquires Phantom Stock Units
SEC Form 4
Patrick M. Benton, Pres, UFP Construction, LLC, acquired 13 phantom stock units of UFP Industries Inc. on April 30, 2024, according to a Form 4 filing.
Summary
- On April 30, 2024, Patrick M. Benton, Pres, UFP Construction, LLC, acquired 13 phantom stock units of UFP Industries Inc.
- The price of the phantom stock units was $112.7.
- Following the transaction, Benton directly owns 10,810 shares of UFP Industries Inc.
- The phantom stock units were accrued under the Company's Deferred Compensation Plan and are payable in shares of the Company's common stock until the reporting person's death, disability, or retirement.
Sentiment
Score: 5
Explanation: Neutral. This is a routine disclosure of insider activity and doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider confidence or lack thereof, but the small number of shares involved suggests minimal impact.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Patrick M. Benton acquired 13 phantom stock units. |
| 05/02/2024 | Date of Form 4 filing. |
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