UFP Industries (UFPI) CFO receives grant of 18 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COLE MICHAEL R reported acquisition or exercise transactions in this Form 4 filing.
UFP Industries Chief Financial Officer Michael R. Cole received a grant of 18 phantom stock units on UFP Industries common stock. These units were awarded at a reference price of $81.00 per unit under the company’s Deferred Compensation Plan. Each phantom stock unit is linked on a 1-for-1 basis to a share of common stock and is payable in shares upon Cole’s death, disability, or retirement. Following this grant, Cole holds a total of 32,432 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COLE MICHAEL R
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 18 | $81.00 | $1K |
Holdings After Transaction:
Phantom Stock Unit — 32,432 shares (Direct, null)
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 until the reporting person's death, disability, or retirement.
Key Figures
Phantom stock units granted: 18 units
Reference price per unit: $81.00 per unit
Total phantom units after grant: 32,432 units
+1 more
4 metrics
Phantom stock units granted
18 units
Grant to CFO Michael R. Cole on May 29, 2026
Reference price per unit
$81.00 per unit
Phantom stock unit grant under Deferred Compensation Plan
Total phantom units after grant
32,432 units
CFO’s direct phantom stock unit holdings following transaction
Conversion ratio
1 for 1
Each phantom stock unit tied to one share of common stock
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, Grant, award, or other acquisition
3 terms
Phantom Stock Unit financial
"security_title: "Phantom Stock Unit" and underlying_security_title: "Common Stock""
Deferred Compensation Plan financial
"The phantom stock units were accrued under the Company's Deferred Compensation Plan"
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did UFP Industries (UFPI) report for CFO Michael R. Cole?
UFP Industries reported that CFO Michael R. Cole received 18 phantom stock units as a grant. The award was made at a reference price of $81.00 per unit and is part of his compensation under the company’s Deferred Compensation Plan.
What are the terms of the phantom stock units granted to the UFP Industries CFO?
The 18 phantom stock units are accrued under UFP Industries’ Deferred Compensation Plan and are payable in common shares. They become payable upon Michael R. Cole’s death, disability, or retirement, providing deferred, share-settled compensation rather than immediate cash payment.
How many phantom stock units does the UFP Industries CFO hold after this grant?
After receiving the additional 18 phantom stock units, Michael R. Cole holds 32,432 phantom stock units directly. Each unit is tied on a 1-for-1 basis to a share of UFP Industries common stock, forming a deferred equity-based compensation position.
Was the UFP Industries CFO’s Form 4 transaction a stock purchase or sale?
The Form 4 transaction was not a market purchase or sale. It reflects a grant of 18 phantom stock units as compensation, coded as an acquisition (A) under SEC rules, with no open-market buying or selling of UFP Industries common stock involved.
How are UFP Industries phantom stock units under the Deferred Compensation Plan settled?
Phantom stock units accrued under UFP Industries’ Deferred Compensation Plan are settled in shares of the company’s common stock. For Michael R. Cole, the units become payable in stock upon his death, disability, or retirement, aligning compensation with long-term shareholder value.