McLean Benjamin J. 4

What Happened
Benjamin J. McLean, a director of UFP Industries (UFPI), was granted 518 phantom stock units on 2026-02-02 at a per-share value of $104.90, a total grant value of $54,338. The filing reports this as an award/acquisition (transaction code A) of derivative securities rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-02; filing date: 2026-02-04 (appears to be a timely Form 4 filing).
• Shares/units granted: 518 phantom stock units valued at $104.90 each; total value ≈ $54,338.
• Security type: Derivative (phantom stock units) with a 1-for-1 conversion to common stock (Footnote F1).
• Plan details: Units were accrued under the Company’s Deferred Compensation Plan and are payable in shares upon death, disability, or retirement (Footnote F2).
• Shares owned after transaction: Not disclosed in this filing.

Context
Phantom stock units are a form of deferred compensation that track the value of company shares and are settled in shares later (here, 1-for-1). Grants are typically part of routine director compensation and do not by themselves indicate immediate buying or selling intent. This was an award/accrual rather than an exercise or open-market trade.