UFP Industries executive granted 18 phantom units
Tarvin Landon C reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Tarvin Landon C reported acquisition or exercise transactions in this Form 4 filing.
UFP Industries executive Landon C. Tarvin received a grant of 18 phantom stock units tied to the company’s common stock. The award was recorded at a reference price of $81.00 per unit and increases his directly held phantom stock balance to 3,322 units.
The units accrue under the company’s Deferred Compensation Plan and are payable in cash or shares of UFP Industries common stock upon his death, disability, or retirement on a one-for-one basis with common shares. This is a routine, compensation-related transaction rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 18 | $81.00 | $1K |
Footnotes (2)
- 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 upon the reporting person's death, disability, or retirement.
Key Figures
Key Terms
Phantom Stock Unit financial
Deferred Compensation Plan financial
grant/award acquisition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did UFP Industries (UFPI) disclose in this Form 4 for Landon C. Tarvin?
Is the transaction in UFP Industries (UFPI) Form 4 a stock purchase or sale?
How many phantom stock units does Landon C. Tarvin hold after this UFPI grant?
What are phantom stock units in the UFP Industries (UFPI) Form 4?
When can Landon C. Tarvin receive payment for his UFP Industries phantom stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.