UFP Industries (UFPI) CFO Michael R. Cole Receives Award

What Happened

• Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), received an award of 15 phantom stock units on 2026-03-31. The award is recorded as a derivative acquisition at an equivalent per-share value of $92.12, for a total value of $1,382.
• This was an award under the company’s deferred compensation arrangement (not an open-market purchase or sale), so it reflects compensation rather than a market trade.

Key Details

• Transaction date and price: 2026-03-31 at $92.12 per share (total $1,382).
• Security type: Derivative — phantom stock units accrued under the Deferred Compensation Plan, payable in shares.
• Conversion: 1-for-1 conversion ratio (footnote).
• Post-transaction holdings: Not specified in the Form 4 filing.
• Filing timeliness: Form filed 2026-04-01 for a 2026-03-31 transaction; filing appears timely.

Context

• Phantom stock units are a form of deferred compensation that will be settled in shares upon death, disability, or retirement; they are not an immediate purchase or sale of stock and do not by themselves signal a buy or sell decision in the open market.
• No immediate sale or cashless exercise was reported; this transaction increases potential future share settlement rather than current market exposure.