UFPI Insider Filing: 15 Phantom Units Added to CFO Deferred Pay

Rhea-AI Filing Summary

UFP Industries Inc. (UFPI) reporting person Michael R. Cole, the company Chief Financial Officer, recorded a transaction dated 09/30/2025 involving phantom stock units under the issuer's deferred compensation plan. Fifteen phantom stock units were accrued and treated as a 1-for-1 entitlement to common stock at an indicated value of $93.49 per share. After the transaction, the filing reports 31,663 shares of common stock beneficially owned by the reporting person as a direct holding. The phantom units are payable in shares under the plan until death, disability, or retirement, and the form was signed on 10/02/2025.

Positive

• Accrual under deferred compensation plan: Phantom stock units are recorded in a plan that pays out in common stock, aligning executive compensation with shareholders.
• Clear disclosure: Transaction date (09/30/2025), unit count (15), and per-unit value ($93.49) are explicitly reported, supporting transparency.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive deferred-compensation accrual; immaterial share change for investors.

The filing documents a 15-unit accrual of phantom stock for the CFO under the company's deferred compensation plan, recorded on 09/30/2025. The units convert 1-for-1 into common shares and carry an implied value of $93.49 each in this record. The reporting person now beneficially owns 31,663 shares directly. This appears as a standard compensation-related equity accrual rather than a market transaction and does not indicate a change in control or material dilution.

Corporate Governance Expert

TL;DR: Disclosure shows compensation via equity-settled deferred plan consistent with governance practices.

The statement clarifies that the phantom stock units were accrued under the company’s deferred compensation arrangement and are payable in shares upon death, disability, or retirement. That structure aligns executive compensation with shareholder outcomes by linking payout to common stock. The size of the accrual (15 units) is small relative to the reported direct holding (31,663 shares) and represents routine governance disclosure required under Section 16.

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

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)
09/30/2025

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 Unit	(1)	09/30/2025		A		15		(2)	(2)	Common Stock	15	$93.49	31,663	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

Remarks:

Number of derivative securities beneficially owned following reported transactions includes shares acquired through dividend reinvestment plan

	Katherine L. Karel	10/02/2025
	** 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

What transaction did UFPI CFO Michael R. Cole report on Form 4?

The CFO reported an accrual of 15 phantom stock units dated 09/30/2025 under the company's deferred compensation plan.

How many shares does the reporting person beneficially own after the reported transaction (UFPI)?

The form reports 31,663 shares of common stock beneficially owned following the reported transaction.

What is the reported value per unit for the phantom stock in the UFPI Form 4?

The filing lists an implied per-unit value of $93.49 for the phantom stock units.

When are the phantom stock units payable according to the Form 4?

The phantom stock units are payable in shares of the company's common stock until the reporting person's death, disability, or retirement as stated in the filing.

Who signed the Form 4 and when was it signed?

The form was signed by Katherine L. Karel on 10/02/2025 as the signature of the reporting person.