UFP Industries (UFPI) director granted new phantom stock units
Rhea-AI Filing Summary
McLean Benjamin J. reported acquisition or exercise transactions in this Form 4 filing.
UFP Industries Inc. director Benjamin J. McLean received a grant of 593 Phantom Stock Units on August 3, 2026, valued at $91.68 per unit. Each unit is convertible 1-for-1 into common stock and shares are issuable upon termination of his board service, bringing his phantom stock holdings to 15,452 units, including 56 credited from a June 15, 2026 dividend payment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McLean Benjamin J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit F1, F2, F3 | 593 | $91.68 | $54K |
Holdings After Transaction:
Phantom Stock Unit — 15,452 shares (Direct)
Footnotes (3)
- F1. 1 for 1
- F2. Shares issuable upon termination of service as a director.
- F3. Includes 56 shares credited based on dividend payment on June 15, 2026
Key Figures
Phantom Stock Units granted: 593 units
Grant price per unit: $91.68 per unit
Total Phantom Stock Units after grant: 15,452 units
+2 more
5 metrics
Phantom Stock Units granted
593 units
Grant to director Benjamin J. McLean on August 3, 2026
Grant price per unit
$91.68 per unit
Value per Phantom Stock Unit for the August 3, 2026 grant
Total Phantom Stock Units after grant
15,452 units
Phantom Stock Unit holdings following the reported transaction
Dividend-equivalent shares credited
56 shares
Credited based on dividend payment on June 15, 2026
Conversion ratio
1 for 1
Each Phantom Stock Unit corresponds to one share of common stock
Key Terms
Phantom Stock Unit, Common Stock, dividend payment, termination of service as a director
4 terms
Phantom Stock Unit financial
"Security title reported as "Phantom Stock Unit" linked to common stock"
Common Stock financial
"Underlying security title identified as "Common Stock" for the units"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
dividend payment financial
"Includes 56 shares credited based on dividend payment on June 15, 2026"
termination of service as a director financial
"Shares issuable upon termination of service as a director"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did UFPI report for director Benjamin J. McLean?
UFP Industries Inc. (UFPI) reported that director Benjamin J. McLean received 593 Phantom Stock Units on August 3, 2026 at $91.68 per unit. This equity award increased his phantom stock holdings to 15,452 units, including amounts credited from dividends.
What are the key terms of the Phantom Stock Units granted to UFPI director McLean?
The grant to Benjamin J. McLean consists of 593 Phantom Stock Units, each convertible 1 for 1 into UFP Industries common stock. According to the footnotes, the related shares are issuable upon his termination of service as a director rather than immediately.
How many Phantom Stock Units does UFPI director McLean hold after this grant?
After the August 3, 2026 award, Benjamin J. McLean holds 15,452 Phantom Stock Units linked to UFP Industries common stock. This total explicitly includes 56 shares credited based on a dividend payment made on June 15, 2026, as noted in the footnotes.
Were McLean’s UFPI Phantom Stock Unit transactions under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not checked, so this transaction was not affirmatively reported as made under a Rule 10b5-1 trading plan. The filing otherwise describes it as a grant or award acquisition of Phantom Stock Units.
How do dividends affect Benjamin J. McLean’s Phantom Stock Units at UFPI?
McLean’s reported Phantom Stock Unit balance includes 56 shares credited based on a June 15, 2026 dividend payment. This indicates dividend-related credits increase his reported total, which stands at 15,452 units after the latest grant, according to the filing footnotes.