Form 4: UFP Industries Inc. Executive David A. Tutas Reports Acquisition of 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 September 30, 2024, David A. Tutas, General Counsel of UFP Industries Inc., acquired 7 phantom stock units.
• These units were accrued under the company's Deferred Compensation Plan.
• The phantom stock units are payable in shares of UFP Industries' Common Stock upon death, disability, or retirement.
• The price of the transaction was $131.21 per unit.
• Following the transaction, Tutas beneficially owns 18,417 phantom stock units, including units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of phantom stock units by an executive suggests confidence in the company's future, but it's a routine transaction under a pre-existing plan.

Positives

• The acquisition of phantom stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
• The Deferred Compensation Plan allows executives to accumulate wealth tied to the company's stock 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

Executive compensation, including phantom stock units, is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock units are frequently used by companies similar to UFP Industries to incentivize and retain key executives.
• The specifics of these plans, such as vesting schedules and payout terms, can vary widely based on company size, industry, and individual executive agreements.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.

Key Dates