UFPI (UFPI) Executive Chairman awarded stock and phantom units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UFP Industries Executive Chairman Matthew J. Missad reported equity awards on Common Stock and Phantom Stock Units. He acquired 4,788 shares of common stock and 1,064 phantom stock units at a reference price of $110.55 per unit. The phantom stock units are accrued 1-for-1 under the company’s Deferred Compensation Plan and are payable in common shares upon his death, disability, or retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MISSAD MATTHEW J
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,064 | $110.55 | $118K |
| Grant/Award | Common Stock | 4,788 | $110.55 | $529K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 95,235 shares (Direct);
Common Stock — 312,541 shares (Direct);
Common Stock — 53,351 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 did UFPI Executive Chairman Matthew Missad report in this Form 4 filing?
Matthew J. Missad reported equity awards consisting of 4,788 shares of UFP Industries common stock and 1,064 phantom stock units. These awards reflect a grant or other acquisition, not an open-market stock purchase or sale.
What are the phantom stock units granted to Matthew Missad at UFPI?
He was granted 1,064 phantom stock units, each accruing on a 1-for-1 basis with UFP Industries common stock. These units are payable in common shares upon his death, disability, or retirement under the company’s Deferred Compensation Plan.
At what price were Matthew Missad’s UFPI grants valued in the Form 4?
Both the 4,788 common shares and 1,064 phantom stock units were reported at a reference price of $110.55 per share. This price is used for reporting purposes in the equity award disclosure.
How are Matthew Missad’s phantom stock units at UFPI ultimately settled?
The phantom stock units are payable in UFP Industries common shares upon Matthew Missad’s death, disability, or retirement under the company’s Deferred Compensation Plan, aligning his deferred compensation with future stock performance.