Form 4: UFP Industries Inc. Executive David A. Tutas Reports Acquisition and Disposal of Phantom Stock Units

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

Summary

• On October 31, 2024, David A. Tutas, General Counsel of UFP Industries Inc., reported transactions related to phantom stock units.
• He acquired 8 phantom stock units under the Company's Deferred Compensation Plan, payable in shares of Common Stock upon death, disability, or retirement.
• He disposed of an unspecified amount of phantom stock units.
• The price of the acquired phantom stock units was $122.34.
• Following the reported transactions, Tutas beneficially owns 18,476 phantom stock units, including units acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.

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 is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock and related instruments.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the transactions of company insiders.
• The transactions may have a minor impact on the company's stock price, depending on market perception.

Key Dates