UFPI President Landon C. Tarvin Receives Award (13 Units)

What Happened
Landon C. Tarvin, President of UFP Retail Solutions (a business unit of UFP Industries, ticker UFPI), received an award of 13 phantom stock units on July 31, 2026. The units were valued at $86.74 each, for a total grant value of $1,128. This transaction is an award/grant (derivative), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-31; Form 4 filed on 2026-08-03 (3 days after the transaction date).
• Type: Award/Grant of phantom stock units (derivative) — Transaction code A.
• Quantity and value: 13 units at $86.74 each; total value $1,128.
• Conversion: Footnote F1 indicates a 1-for-1 conversion rate to common shares.
• Plan terms: Footnote F2 states the phantom stock units were 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 transaction: Not specified in the filing.

Context
Phantom stock units are a form of deferred compensation that track the value of company shares but do not represent immediate ownership; they are typically settled in cash or stock at a later date (here, upon death, disability, or retirement). Because this was a grant under a compensation/deferred‑pay plan, it is routine corporate compensation rather than a direct market signal like an insider purchase.