UFP Industries (UFPI) awards 18 new phantom stock units to executive
Filing Impact
Filing Sentiment
Form Type
4
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.
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 | 18 | $81.00 | $1K |
Holdings After Transaction:
Phantom Stock Unit — 3,322 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.
Key Figures
Phantom stock units granted: 18 units
Reference price per unit: $81.00 per unit
Total phantom units after grant: 3,322 units
+1 more
4 metrics
Phantom stock units granted
18 units
Grant on 2026-05-29 under Deferred Compensation Plan
Reference price per unit
$81.00 per unit
Transaction price per phantom stock unit
Total phantom units after grant
3,322 units
Direct holdings of phantom stock units following transaction
Conversion ratio
1 for 1
Each phantom stock unit corresponds to one share of common stock
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, payable in cash or shares, grant/award acquisition
4 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 in cash or shares"
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.
grant/award acquisition financial
"transaction_action is described as grant/award acquisition for these phantom stock units"
FAQ
What did UFP Industries (UFPI) disclose in this Form 4 for Landon C. Tarvin?
UFP Industries reported that executive Landon C. Tarvin received 18 phantom stock units as a compensation grant. These units increase his phantom stock balance to 3,322 units and are linked one-for-one to the company’s common stock under its Deferred Compensation Plan.
Is the transaction in UFP Industries (UFPI) Form 4 a stock purchase or sale?
The filing shows no open-market purchase or sale; it reports a grant of 18 phantom stock units. This is a compensation-related acquisition, not a discretionary buy or sell of UFP Industries common shares in the market.
How many phantom stock units does Landon C. Tarvin hold after this UFPI grant?
After the grant, Landon C. Tarvin holds 3,322 phantom stock units directly. The 18 new units were added under UFP Industries’ Deferred Compensation Plan, which tracks the value of the company’s common stock on a one-for-one basis.
What are phantom stock units in the UFP Industries (UFPI) Form 4?
The phantom stock units are deferred compensation instruments credited under UFP Industries’ Deferred Compensation Plan. According to the filing, they are payable in cash or shares of common stock upon the reporting person’s death, disability, or retirement on a one-for-one basis with common shares.
When can Landon C. Tarvin receive payment for his UFP Industries phantom stock units?
The Form 4 states that the phantom stock units become payable upon his death, disability, or retirement. At that time, UFP Industries may settle them in cash or shares of its common stock, based on the company’s Deferred Compensation Plan terms.