UFP Industries (UFPI) executive granted stock and phantom unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UFP Industries reported that Scott A. Worthington, President of UFP Packaging, acquired equity-based awards. On February 19, 2026, he received 585 Phantom Stock Units at $110.55 per unit and 1,778 shares of common stock at $110.55 per share as grants. The phantom units accrue under the company’s Deferred Compensation Plan on a 1-for-1 basis and are payable in common shares upon death, disability, or retirement. The filing also notes 13,025 shares of common stock held indirectly as deferred compensation interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Worthington Scott A
Role
President, UFP Packaging
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 585 | $110.55 | $65K |
| Grant/Award | Common Stock | 1,778 | $110.55 | $197K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 17,383 shares (Direct);
Common Stock — 118,351 shares (Direct);
Common Stock — 13,025 shares (Indirect, Deferred Comp Interest)
Footnotes (1)
- 1 for 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.
FAQ
What insider transactions did UFP Industries (UFPI) report for Scott A. Worthington?
UFP Industries reported that Scott A. Worthington received grants of 585 Phantom Stock Units and 1,778 shares of common stock on February 19, 2026, both at $110.55 per unit or share, as part of his compensation awards.
What are the Phantom Stock Units granted to the UFP Industries executive?
The 585 Phantom Stock Units granted to the executive are accrued under UFP Industries’ Deferred Compensation Plan on a 1-for-1 basis and are payable in shares of common stock when he dies, becomes disabled, or retires from the company.
What does the Form 4 say about Scott A. Worthington’s indirect holdings in UFP Industries?
The Form 4 shows an indirect holding of 13,025 UFP Industries common shares for Scott A. Worthington, described as “Deferred Comp Interest.” This reflects shares associated with deferred compensation rather than directly purchased or sold stock transactions.
Are the UFP Industries Form 4 transactions open-market buys or sales?
The reported transactions are grants or awards, not open-market buys or sales. Both the Phantom Stock Units and common shares use transaction code A, described as a grant, award, or other acquisition to the executive, under company compensation arrangements.
When will the Phantom Stock Units reported by UFP Industries be settled?
The Phantom Stock Units will be settled in UFP Industries common shares upon Scott A. Worthington’s death, disability, or retirement. Until then, they exist as deferred compensation units that track the company’s common stock on a 1-for-1 basis.