Form 4: UFP Industries Inc. Executive Sells Shares
SEC Form 4 Filing
Patrick M. Benton, Pres, UFP Construction, LLC, sold 11,725 shares of UFP Industries Inc. on March 8, 2024.
Summary
- On March 8, 2024, Patrick M. Benton, Pres, UFP Construction, LLC, disposed of 11,725 shares of UFP Industries Inc. common stock at a price of $115.71 per share.
- Following the transaction, Benton directly owns 97,703 shares of UFP Industries Inc.
- Benton also indirectly owns 38,923 shares through a 401k plan and 16,663 shares through deferred compensation interest.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard disclosure of an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives. It provides transparency to investors regarding the buying and selling of company stock by its officers and directors.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common occurrence and doesn't necessarily reflect the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Sale of 11,725 shares of common stock. |
| 03/11/2024 | Date of signature by Attorney-in-Fact. |
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