UFP Industries (UFPI) awards phantom stock units to construction president
Rhea-AI Filing Summary
UFP Industries Inc. reported that Michael M. Ellerbrook, President of UFP Construction, received a grant of 13 phantom stock units on July 31, 2026. The units are recorded at $86.74 per unit, convert 1-for-1 into common stock under a Deferred Compensation Plan, and are payable in cash or shares at death, disability, or retirement. This award increases his deferred phantom holdings to 19,317 units, including amounts accumulated through the dividend reinvestment program.
Positive
- None.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ellerbrook Michael M
Role
President, UFP Construction
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit F1, F2, F3 | 13 | $86.74 | $1K |
Holdings After Transaction:
Phantom Stock Unit — 19,317 shares (Direct)
Footnotes (3)
- F1. 1 for 1
- F2. The phantom stock units were accrued under the Company's Deferred Compensation Plan and are payable in cash or shares of the Company's common stock until the reporting person's death, disability, or retirement.
- F3. Includes shares acquired through dividend reinvestment program
Key Figures
Phantom stock units granted: 13 phantom stock units
Reference value per unit: $86.74 per unit
Total phantom units after grant: 19,317 phantom stock units
+1 more
4 metrics
Phantom stock units granted
13 phantom stock units
Grant to Michael M. Ellerbrook on July 31, 2026
Reference value per unit
$86.74 per unit
Per-unit value recorded for the July 31, 2026 phantom stock grant
Total phantom units after grant
19,317 phantom stock units
Deferred phantom stock balance for Michael M. Ellerbrook following the transaction
Conversion ratio
1 for 1
Each phantom stock unit corresponds to one share of UFP Industries common stock
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, dividend reinvestment program
3 terms
Phantom Stock Unit financial
"Reported security title is "Phantom Stock Unit" for this executive award"
Deferred Compensation Plan financial
"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.
dividend reinvestment program financial
"Total includes shares acquired through dividend reinvestment program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did UFPI report for Michael M. Ellerbrook?
Michael M. Ellerbrook received a grant of 13 phantom stock units on July 31, 2026. The units are part of UFP Industries’ Deferred Compensation Plan, convert 1-for-1 into common stock, and are recorded at $86.74 per unit for this award.
How many phantom stock units does Michael M. Ellerbrook hold after this UFPI transaction?
After the grant, Michael M. Ellerbrook holds a total of 19,317 phantom stock units. This figure includes units accumulated under the Deferred Compensation Plan as well as amounts acquired through the company’s dividend reinvestment program tied to these deferred units.
What are phantom stock units in UFPI’s Deferred Compensation Plan for executives?
Phantom stock units are deferred compensation units that track UFP Industries’ common stock on a 1-for-1 basis. Under the company’s Deferred Compensation Plan, they are payable in cash or shares upon the executive’s death, disability, or retirement, rather than immediately.
At what price were the new UFPI phantom stock units for Michael M. Ellerbrook recorded?
The 13 newly granted phantom stock units were recorded at $86.74 per unit. This per-unit value applies to the July 31, 2026 award and reflects the reference price used for this deferred compensation entry on UFP Industries’ books.
When will Michael M. Ellerbrook’s UFPI phantom stock units be paid out?
The phantom stock units will be paid out upon death, disability, or retirement of Michael M. Ellerbrook. Under UFP Industries’ Deferred Compensation Plan, payment may be made in cash or shares of common stock, rather than during his active employment.