Form 4: UFP Industries Inc. Executive David A. Tutas Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
David A. Tutas, Chief Comp Off, Gen Csl, Secty of UFP Industries Inc., reports acquiring 8 phantom stock units under the company's Deferred Compensation Plan on April 30, 2024.
Summary
- On April 30, 2024, David A. Tutas, Chief Comp Off, Gen Csl, Secty of UFP Industries Inc. acquired 8 phantom stock units.
- These units were accrued under the company's Deferred Compensation Plan.
- The phantom stock units are payable in shares of the company's common stock upon death, disability, or retirement of the reporting person.
- Following the transaction, Tutas beneficially owns 18,323 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in the executive's holdings of phantom stock units, which are tied to the company's common stock.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Acquisition of 8 phantom stock units |
| 05/02/2024 | Date of signature on the Form 4 filing |
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