UFP Industries President Michael Ellerbrook Receives 13-Share Award

What Happened

• Michael M. Ellerbrook, President of UFP Construction (a division of UFP Industries, ticker UFPI), was granted 13 phantom stock units on 2026-08-31. The units are reported at $84.52 each, a total reported value of approximately $1,099. This was an award (derivative) under the company's deferred compensation arrangements, not an open-market purchase.

Key Details

• Transaction date: 2026-08-31; Form 4 filed: 2026-09-01 (appears timely).
• Quantity and price: 13 units at $84.52 each (total ≈ $1,098.76 / $1,099).
• Type: Award/grant of phantom stock units (derivative), reported as code "A".
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 indicates a 1-for-1 conversion; F2 notes the phantom units were accrued under the Company’s Deferred Compensation Plan and are payable in cash or shares until the reporting person’s death, disability, or retirement.

Context

• These phantom stock units are a form of deferred compensation that track the value of company stock and are payable later in cash or shares; they do not represent an immediate open‑market purchase or sale. Such awards are common for executive compensation and should be viewed as a compensation event rather than a direct market sentiment indicator.