COLE MICHAEL R 4

What Happened

• Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), was granted 18 phantom stock units on 2026-05-29. The units are reported at $81.00 each for a total reported value of $1,458. This was an award/acquisition (Form 4 code A) of derivative units under the company's plans, not an open-market purchase.

Key Details

• Transaction date and price: 2026-05-29; 18 units at $81.00 each (total $1,458).
• Transaction type: Award/Grant (derivative phantom stock units) — reported as "Derivative".
• Conversion: Footnote F1 indicates a 1-for-1 conversion (one unit converts to one share).
• Plan details: Footnote F2 says these phantom units were accrued under the Company's Deferred Compensation Plan and are payable in shares upon the reporting person's death, disability, or retirement.
• Shares owned after transaction: Not specified in the filing.
• Filing timing: Form 4 filed 2026-06-03 (several days after the 2026-05-29 transaction), which appears later than the typical two-business-day reporting window.

Context

• These phantom stock units are a form of deferred compensation and are payable in common stock under specified conditions (death, disability, or retirement). Such grants are typically part of executive compensation and do not represent an immediate open-market purchase or sale of shares. The reported value here is modest ($1,458) and reflects a routine compensation award rather than an active investment by the insider.