MISSAD MATTHEW J 4
Research Summary
AI-generated summary
UFP Industries Exec Chairman Matthew Missad Receives Award
What Happened
- Matthew J. Missad, Executive Chairman of UFP Industries (UFPI), received equity awards (code A) totaling 6,085 shares through grants and a derivative award on Feb 26–27, 2026. The grants were: 5,734 shares at $110.55 ($633,894) on Feb 27; 337 shares at $110.55 ($37,255) on Feb 26; and a 14-share derivative award at $102.91 ($1,441) on Feb 27. These were awards/compensation rather than open-market purchases or sales.
Key Details
- Transaction dates and prices:
- 2026-02-26: 337 shares @ $110.55 — $37,255
- 2026-02-27: 5,734 shares @ $110.55 — $633,894
- 2026-02-27 (derivative): 14 shares @ $102.91 — $1,441
- Total: 6,085 shares valued at approximately $672,590.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: "1 for 1" (conversion ratio).
- F2: The derivative/phantom stock units were accrued under the Company’s Deferred Compensation Plan and are payable in common shares upon the reporting person’s death, disability, or retirement.
- Timeliness: Report filed 2026-03-02 for transactions on 2026-02-26 and 02-27; filing appears timely under the Form 4 two-business-day rule.
Context
- These transactions are equity awards/compensation (not open-market buys or sales) and typically reflect remuneration or deferred compensation rather than immediate bullish trading by the insider.
- The 14-share item is a derivative (phantom stock unit) under the deferred compensation plan and will convert to shares under the plan’s terms (1-for-1), per the footnote.