Worthington Scott A 4

What Happened
Scott A. Worthington, President of UFP Packaging, was granted a total of 2,363 shares on 2026-02-19 through awards (transaction code A). That break down is 1,778 shares at $110.55 each (value $196,558) plus 585 derivative/phantom stock units at $110.55 each (value $64,672). The combined value of the grants is about $261,230. This was an acquisition (award/grant), not a sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (timely filing).
• Prices reported: $110.55 per share for both grants.
• Share counts/values: 1,778 shares = $196,558; 585 derivative units = $64,672; total 2,363 shares ≈ $261,230.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: "1 for 1" (reported conversion ratio).
  • F2: The 585 phantom stock units were accrued under the Company’s Deferred Compensation Plan and are payable in shares of common stock upon the reporting person’s death, disability, or retirement.
• Transaction type: A = Grant/Award (acquisition), not a market purchase or sale.

Context

• Awards and phantom-unit grants are compensation-related and do not reflect an open-market buy or sell; they increase the insider’s potential equity stake but may be subject to vesting or plan conditions.
• Phantom units are derivative awards that convert to stock under certain events (here: death, disability, or retirement) rather than immediate transferable shares.
• Because this is an award (not a sale), it is generally more informative of company compensation decisions than of the insider’s near-term view on the stock price.