Tarvin Landon C 4

What Happened
Landon C. Tarvin, President of UFP Retail Solutions (a business of UFP Industries, UFPI), was granted equity awards on February 19, 2026. The filing reports an award of 5,915 shares at $110.55 each (value $653,903) plus 585 derivative phantom stock units at $110.55 each (value $64,672), for a combined value of approximately $718,575. These were reported as grants/awards (transaction code A) — an acquisition via company compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed after the transaction; appears to miss the two-business-day Form 4 reporting window).
• Award details: 5,915 shares @ $110.55 = $653,903 (acquired); 585 derivative units @ $110.55 = $64,672 (derivative award). Total ~ $718,575.
• Footnotes: F1 indicates a 1-for-1 basis; F2 explains the 585 units are phantom stock units accrued under the Company’s Deferred Compensation Plan and are payable in cash or shares upon the reporting person’s death, disability, or retirement.
• Shares owned after the transaction: not disclosed in the provided filing.

Context
These grants are compensation awards, not open-market buys, so they are primarily a form of pay rather than a direct bullish investment by the insider. The 585-unit derivative award represents phantom stock under the deferred compensation plan (cash-or-stock payout in specified events), which is different from immediately vested marketable shares. The filing date suggests the Form 4 was submitted after the typical two-business-day reporting window.