Form 4: UFP Industries Inc: Executive David A. Tutas Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
David A. Tutas, Chief Compliance Officer, General Counsel, and Secretary of UFP Industries Inc., reported the acquisition of phantom stock units under the company's Deferred Compensation Plan on March 29, 2024.
Summary
- On March 29, 2024, David A. Tutas, Chief Compliance Officer, General Counsel, and Secretary of UFP Industries Inc. (UFPI), reported a transaction involving derivative securities.
- Tutas acquired 7 phantom stock units under the Company's Deferred Compensation Plan.
- These units are payable in shares of the Company's Common Stock upon death, disability, or retirement.
- The price of the phantom stock units was $123.01.
- Following the reported transaction, Tutas beneficially owns 18,315 derivative securities, which are units in the company stock fund and not actual company shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine executive compensation practices.
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 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of the transaction: David A. Tutas acquired phantom stock units. |
| 03/29/2024 | Date of report. |
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