4/A: UFP Industries Inc. Executive David A. Tutas Reports Changes in Beneficial Ownership
SEC Form 4/A
David A. Tutas, General Counsel of UFP Industries Inc., reports an acquisition of phantom stock units under the company's Deferred Compensation Plan.
Summary
- David A. Tutas, General Counsel of UFP Industries Inc., filed an amendment to a Form 4 regarding changes in beneficial ownership.
- The reported transaction occurred on December 31, 2024, involving the acquisition of 8 phantom stock units.
- These units were accrued under the company's Deferred Compensation Plan and are payable in shares of UFP Industries' Common Stock upon death, disability, or retirement.
- The price of the phantom stock units was $112.65.
- Following the reported transaction, Tutas beneficially owns 18,542 phantom stock units, which includes units acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, neither particularly positive nor negative. It simply reports a transaction.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, providing transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: acquisition of phantom stock units |
| 01/02/2025 | Date of original filing (amendment) |
| 01/15/2024 | Date of signature on the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.