COLE MICHAEL R 4
Research Summary
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UFP Industries (UFPI) CFO Michael R. Cole Receives 16-Share Award
What Happened
- Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), was credited with 16 shares as an award (reported as a derivative acquisition) on April 30, 2026.
- The award is reported at $89.49 per share, for a total reported value of about $1,432. This was an award/acquisition (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-30; Filing date: 2026-05-01 (filed within the typical 2-business-day Form 4 window).
- Price reported: $89.49 per share; Total value: ~$1,432.
- Transaction type: A (award/grant/other acquisition) of derivative securities that convert 1-for-1 into common shares (Footnote F1).
- Footnote F2: These were phantom stock units accrued under the company’s Deferred Compensation Plan and are payable in shares upon death, disability or retirement.
- Shares owned after transaction: Not specified in the provided filing details.
- No sale or cashless exercise occurred—this was an issuance/accrual of deferred/phantom stock units.
Context
- This filing documents a small award under the company’s deferred compensation plan and is informational. Awards via deferred comp plans are common executive compensation mechanisms and do not, by themselves, indicate a buying or selling decision.
- Because the award is recorded as a derivative (phantom units payable in shares), the actual receipt of shares may be subject to plan terms (timing tied to retirement, disability or death).