UFP Industries insider accrues 15 phantom stock units in deferred plan

Rhea-AI Filing Summary

Insider transaction: On 07/31/2025, UFP Industries (UFPI) Chief Financial Officer Michael R. Cole filed a Form 4 disclosing the accrual of 15 phantom stock units at an assumed price of $98 per unit under the company’s Deferred Compensation Plan.

Phantom units convert to common shares on a 1-for-1 basis upon the executive’s death, disability, or retirement. After this routine accrual, Cole directly holds 31,632 phantom stock units. No open-market purchases or sales of common stock were reported, and there were no changes to options or other derivatives.

The addition increases Cole’s derivative stake by less than 0.1% and does not meaningfully affect the company’s share count, insider ownership percentage, or near-term liquidity. The filing appears strictly administrative with negligible market impact.

Insights

Securities Analyst

TL;DR: Routine phantom-unit accrual, de-minimis size, neutral for valuation.

The CFO’s 15-unit addition—worth roughly $1,470—is immaterial relative to UFPI’s market cap and his existing 31.6k units. Because the units are part of deferred compensation, no cash changed hands and there is no immediate share issuance. The filing neither signals insider conviction nor concerns about liquidity. I view the disclosure as non-impactful to earnings forecasts, free cash flow, or capital structure.

Corporate Governance Expert

TL;DR: Standard deferred-comp transaction; aligns incentives but not material.

Phantom stock awards are a common tool to tie executive wealth to long-term shareholder value without near-term dilution. Cole’s incremental 15 units reinforce alignment but do not alter governance risk profiles or voting power. No Rule 10b5-1 plan was noted, and the transaction does not trigger additional reporting duties. Overall governance impact is neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

COLE MICHAEL R

(Last) (First) (Middle)

2801 EAST BELTLINE, N.E.

(Street)

GRAND RAPIDS MI 49525

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UFP INDUSTRIES INC [ UFPI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	07/31/2025		A		15		(2)	(2)	Common Stock	15	$98	31,632(3)	D

Explanation of Responses:

1. 1 for 1

2. The phantom stock units were accrued under the Company's Deferred Compensation Plan and are payable in shares of the Company's Common Stock until the reporting person's death, disability or retirement.

3. Includes shares acquired through dividend reinvestment plan.

Remarks:

	Katherine L. Karel, Attorney-in-Fact for Michael R. Cole	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many phantom stock units did UFPI CFO Michael R. Cole acquire?

He acquired 15 phantom stock units on 07/31/2025.

What price was assigned to the newly acquired phantom stock units?

The units were recorded at an implied price of $98 per unit.

How many phantom stock units does the CFO own after the transaction?

Following the accrual, he directly holds 31,632 phantom stock units.

Does this Form 4 indicate any open-market purchase or sale of UFPI common stock?

No. The filing only reports a deferred-compensation phantom unit accrual, not an open-market trade.

What is a phantom stock unit in UFPI’s Deferred Compensation Plan?

Each unit tracks one UFPI share and is payable in common stock upon the executive’s death, disability, or retirement.