Tarvin Landon C 4
4 · UFP INDUSTRIES INC · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
UFP Industries (UFPI) President Landon Tarvin Receives Award
What Happened
Landon C. Tarvin, President of UFP Retail Solutions (UFP Industries, ticker UFPI), was granted 18 phantom stock units on 2026-05-29. The units are recorded at $81.00 each, for a total notional value of $1,458. This was an award/acquisition (derivative) under the company's compensation plan rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-29; Form 4 filed: 2026-06-03. (Filing timeliness not specified in the filing.)
- Grant: 18 shares/units at $81.00 each; total value $1,458.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: F1 indicates a 1-for-1 conversion; F2 states these are phantom stock units accrued under the Company’s Deferred Compensation Plan and payable in cash or shares upon the reporting person’s death, disability, or retirement.
- Transaction code: A (award/grant/other acquisition); this is a derivative award, not a cash purchase.
Context
Phantom stock units mirror the economic value of company shares but are typically settled in cash or stock upon a triggering event (here: death, disability, or retirement). Such awards are part of deferred compensation arrangements and do not necessarily indicate immediate buying or selling intent by the insider.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-05-29$81.00/sh+18$1,458→ 3,322 total→ Common Stock (18 underlying)
Footnotes (2)
- [F1]1 for 1
- [F2]The phantom stock units were accrued under the Company's Deferred Compensation Plan and are payable in cash or shares of the Company's common stock upon the reporting person's death, disability, or retirement.