Form 4: UFP Industries Inc. Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Robert Paul Guerre, Secretary and Director of Corporate Compliance at UFP Industries Inc., reports acquiring phantom stock units under the company's Deferred Compensation Plan.
Summary
- On April 30, 2025, Robert Paul Guerre, Secretary and Director of Corporate Compliance at UFP Industries Inc., acquired 14 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 the reporting person's death, disability, or retirement.
- The reporting person directly owns 471 shares of common stock, including shares acquired through a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The phantom stock units will be converted to common stock upon the reporting person's death, disability, or retirement.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is standard practice for executives to receive and hold company stock and stock-based compensation.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units (RSUs), or phantom stock units to align management's interests with those of shareholders.
- The specifics of deferred compensation plans vary across companies, but they generally allow executives to defer income and receive it at a later date, often in the form of company stock.
- Companies like Home Depot (HD) and Lowe's (LOW) also utilize stock-based compensation as part of their executive pay packages.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: Robert Paul Guerre acquired 14 phantom stock units. |
| 05/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, UFP Industries Inc, UFPI, Robert Paul Guerre, Phantom Stock Units, Deferred Compensation Plan, Dividend Reinvestment Plan, Beneficial Ownership, Insider Trading
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