COLE MICHAEL R 4

What Happened
Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), was awarded company stock under compensation/deferred‑compensation arrangements. The filing reports two awards of common shares (2,188 shares on 2026-02-27 at $110.55 each = $241,883; 179 shares on 2026-02-26 at $110.55 each = $19,788) and a separate derivative award of 14 units on 2026-02-27 valued at $102.91 each ($1,441). Total reported value across the entries is about $263,112. These were awards/grants (code A), not open‑market purchases or sales.

Key Details

• Transaction dates and prices:
  • 2026-02-26: 179 shares @ $110.55 = $19,788
  • 2026-02-27: 2,188 shares @ $110.55 = $241,883
  • 2026-02-27: 14 derivative units @ $102.91 = $1,441
• Total: 2,367 awarded common shares plus 14 derivative/phantom units; combined value ≈ $263,112.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 indicates a 1-for-1 conversion; F2 notes the phantom stock units were accrued under the Company’s Deferred Compensation Plan and are payable in shares of common stock upon death, disability, or retirement.
• Filing date: Form 4 filed 2026-03-02; transactions occurred 2026-02-26 and 02-27 (the filing shows the report date as 2026-02-26 and the Form 4 was submitted on 2026-03-02).

Context

• These entries are awards/compensation and not market purchases or sales, so they reflect company compensation practices rather than direct insider buying/selling of shares.
• The 14-unit derivative entry reflects accrued phantom stock under the deferred compensation plan (payable in shares later), meaning those units may not represent immediate share ownership until settled.
• Awards like these are common for executive compensation and do not necessarily indicate a personal investment decision by the insider.