UFPI (UFPI) construction president details stock and phantom units in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
UFP Industries executive Michael M. Ellerbrook filed an initial ownership report as President of UFP Construction. The filing lists indirect holdings of common stock through a trust, an executive stock grant plan, and a 401(k) plan, along with directly held shares.
It also reports phantom stock units accrued under the company’s Deferred Compensation Plan, which are payable in shares of common stock upon his death, disability, or retirement on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Ellerbrook Michael M
Role
President, UFP Construction
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 19,303 shares (Direct);
Common Stock — 52,142 shares (Direct);
Common Stock — 3,247 shares (Indirect, 401(k) Plan)
Footnotes (1)
- The phantom stock units were accrued under the Company's Deferred Compensation Plan and are payable in shares of the Company's common stock upon the reporting person's death, disability, or retirement. 1 for 1
Key Figures
Trust common stock holdings: 14,403 shares
Executive Stock Grant Plan shares: 14,113 shares
401(k) Plan shares: 3,247 shares
+2 more
5 metrics
Trust common stock holdings
14,403 shares
Indirect ownership by trust as of transaction date
Executive Stock Grant Plan shares
14,113 shares
Indirect ownership via Executive Stock Grant Plan
401(k) Plan shares
3,247 shares
Indirect ownership through 401(k) Plan
Direct common stock holdings
52,142 shares
Directly owned common stock
Phantom stock units
19,303 units
Accrued under Deferred Compensation Plan, 1-for-1 with common stock
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, Executive Stock Grant Plan, 401(k) Plan, +1 more
5 terms
Phantom Stock Unit financial
"The phantom stock units were accrued under the Company's Deferred Compensation Plan"
Deferred Compensation Plan financial
"accrued under the Company's Deferred Compensation Plan and are payable in shares"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Executive Stock Grant Plan financial
"nature_of_ownership": "Executive Stock Grant Plan""
401(k) Plan financial
"nature_of_ownership": "401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
By Trust financial
"nature_of_ownership": "By Trust""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Michael M. Ellerbrook’s Form 3 show for UFP INDUSTRIES INC (UFPI)?
The Form 3 reports Michael M. Ellerbrook’s existing ownership in UFP Industries common stock and phantom stock units, including direct holdings and indirect interests through a trust, an executive stock grant plan, and a 401(k) plan.
What are the phantom stock units reported in the UFPI Form 3?
The phantom stock units are accrued under UFP Industries’ Deferred Compensation Plan and are payable in shares of common stock upon Michael M. Ellerbrook’s death, disability, or retirement, giving him stock-based compensation linked one-for-one to common shares.
Are the phantom stock units in UFPI’s Form 3 tied to common stock?
Yes. The filing states the phantom stock units are payable in shares of UFP Industries common stock on a one-for-one basis, meaning each unit corresponds to one share when paid under the Deferred Compensation Plan.
How are Michael M. Ellerbrook’s indirect UFPI holdings structured?
Indirect holdings are reported through a trust, an executive stock grant plan, and a 401(k) plan. Each structure holds UFP Industries common stock for his benefit, and the filing distinguishes these from his directly owned shares.