UFP Industries (UFPI) CFO Michael Cole Receives 17-Share Award

What Happened Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), was granted 17 phantom stock units on 2026-08-31 valued at $84.52 each (total value ≈ $1,436.84). The filing lists this as an award/acquisition (derivative instrument) under the company's deferred compensation arrangements rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-31; filing date: 2026-09-01 (timely filed).
• Grant: 17 phantom stock units @ $84.52 each; total value ≈ $1,436.84.
• Shares owned after transaction: not specified in the Form 4.
• Footnotes: F1 indicates a 1-for-1 conversion; F2 explains these are phantom stock units accrued under the Company’s Deferred Compensation Plan and payable in shares upon death, disability, or retirement.
• Transaction code: A (award/acquisition); derivative issuance (not an immediate cash purchase).

Context Phantom stock units are a deferred-compensation instrument that convert to company shares under specified conditions and are common as executive pay. This small, routine award reflects compensation accrual rather than an active market purchase or sale and should be viewed as part of regular executive compensation disclosure, not a direct trading signal.