UFP Industries (UFPI) CFO Michael Cole Receives 16-Share Award

What Happened Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), was granted 16 phantom stock units on July 31, 2026. The filing reports an acquisition-type award at an imputed price of $86.74 per share, for a total reported value of approximately $1,388. The award is reported as a derivative/phantom stock grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-31; Filing date (Form 4): 2026-08-03 (appears timely).
• Transaction type/code: A (grant/award — derivative/phantom stock units).
• Shares/units granted: 16 units at $86.74 per unit; total value ≈ $1,388.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 indicates a 1-for-1 conversion; F2 states these 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.

Context This award was granted under UFP’s deferred compensation arrangement and represents a phantom stock accrual (payable in shares later), which is a form of non-cash compensation rather than an immediate market purchase. Such grants are typically routine compensation for executives and do not, by themselves, indicate a buy or sell decision in the open market.