UFP Industries (UFPI) executive receives phantom stock unit award under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UFP Industries executive Landon C. Tarvin received a routine compensation award of phantom stock units. On this date, he acquired 12 phantom stock units tied 1-for-1 to UFP Industries common stock at a reference price of $90.74 per unit. Following the award, he holds 3,347 phantom stock units under the company’s Deferred Compensation Plan, which are payable in cash or common shares upon death, disability, or retirement and include amounts accumulated through the dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tarvin Landon C
Role
President,UFP Retail Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 12 | $90.74 | $1K |
Holdings After Transaction:
Phantom Stock Unit — 3,347 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 cash or shares of the Company's common stock upon the reporting person's death, disability, or retirement. Includes shares acquired through dividend reinvestment plan
Key Figures
Phantom units granted: 12 units
Reference price per unit: $90.74 per unit
Total phantom units after award: 3,347 units
+1 more
4 metrics
Phantom units granted
12 units
Grant of phantom stock units on reported date
Reference price per unit
$90.74 per unit
Phantom stock unit value for this award
Total phantom units after award
3,347 units
Holdings following the transaction
Conversion ratio
1 for 1
Each phantom stock unit tied to one common share
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, dividend reinvestment plan
3 terms
Phantom Stock Unit financial
"The phantom stock units were accrued under the Company's Deferred Compensation Plan"
Deferred Compensation Plan financial
"accrued under the Company's Deferred Compensation Plan and are payable"
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 plan financial
"Includes shares acquired through dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
FAQ
What insider transaction did UFP Industries (UFPI) report for Landon C. Tarvin?
UFP Industries reported that executive Landon C. Tarvin received 12 phantom stock units as a compensation award. These units are tied 1-for-1 to common stock and increase his total phantom stock holdings to 3,347 units under the company’s Deferred Compensation Plan.
How many phantom stock units does Landon C. Tarvin hold after this Form 4 filing for UFPI?
After the reported transaction, Landon C. Tarvin holds 3,347 phantom stock units. This total includes the 12 newly awarded units and earlier units accumulated, including those acquired through the company’s dividend reinvestment plan.
What are the key terms of the phantom stock units reported for UFPI’s Landon C. Tarvin?
The phantom stock units are credited at a reference price of $90.74 per unit and convert 1-for-1 into UFP Industries common stock equivalents. They are payable in cash or shares upon Tarvin’s death, disability, or retirement under the company’s Deferred Compensation Plan.
Is the UFPI Form 4 transaction a market buy or sell of common stock?
The UFPI Form 4 shows a grant of phantom stock units, not an open-market buy or sell of common shares. It reflects a compensation-related acquisition under the Deferred Compensation Plan rather than a discretionary stock purchase or sale.
When will the phantom stock units for UFPI’s Landon C. Tarvin be paid out?
The phantom stock units are payable upon Landon C. Tarvin’s death, disability, or retirement. At that time, the company may settle them in cash or in shares of UFP Industries common stock, consistent with the Deferred Compensation Plan’s terms.