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UFP Industries (UFPI) director awarded 704 phantom stock units as pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

UFP Industries director Thomas Wayne Rhodes received a grant of 704 Phantom Stock Units tied to the company’s common stock. The units were awarded at a reference price of $85.18 per unit and convert into common shares on a 1-for-1 basis following his termination of service as a director.

After this award and credited dividend equivalents, Rhodes now holds 67,571 Phantom Stock Units, including 209 units added based on a dividend paid on March 16, 2026. This is a compensation-related, non-market transaction rather than an open-market trade.

Positive

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Negative

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Insider Rhodes Thomas Wayne
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Unit 704 $85.18 $60K
Holdings After Transaction: Phantom Stock Unit — 67,571 shares (Direct, null)
Footnotes (1)
  1. 1 for 1 Shares issuable following termination of service as a director. Includes 209 Shares credited based on dividend paid on March 16, 2026
Phantom units granted 704 units Grant on May 1, 2026 to director Thomas Wayne Rhodes
Reference price $85.18 per unit Phantom Stock Unit grant value reference
Total phantom units held 67,571 units Phantom Stock Units following the reported grant
Dividend-equivalent units 209 units Units credited from dividend paid on March 16, 2026
Conversion ratio 1-for-1 Each Phantom Stock Unit equals one share of common stock
Phantom Stock Unit financial
"UFP Industries director Thomas Wayne Rhodes received a grant of 704 Phantom Stock Units"
1 for 1 financial
"1 for 1"
Shares issuable following termination of service as a director financial
"Shares issuable following termination of service as a director."
dividend financial
"Includes 209 Shares credited based on dividend paid on March 16, 2026"
A dividend is a payment that a company gives to its shareholders, usually from its profits. It’s like a bonus or reward for owning the company's stock, and it can provide a steady income stream for investors. Companies pay dividends to share their success with the people who own their stock.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Rhodes Thomas Wayne
(Last)(First)(Middle)
2801 EAST BELTLINE NE
(Street)
GRAND RAPIDS MICHIGAN 49525
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
UFP INDUSTRIES INC [ UFPI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Unit(1)05/01/2026A704 (2) (2)Common Stock704$85.1867,571(3)D
Explanation of Responses:
1. 1 for 1
2. Shares issuable following termination of service as a director.
3. Includes 209 Shares credited based on dividend paid on March 16, 2026
Katherine L. Karel05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did UFP Industries (UFPI) director Thomas Wayne Rhodes report on this Form 4?

Thomas Wayne Rhodes reported receiving 704 Phantom Stock Units as a compensation grant. These units are tied to UFP Industries common stock and will be settled in shares after his service as a director ends, rather than representing an open-market stock purchase or sale.

Is the UFP Industries (UFPI) Form 4 transaction a stock buy or sell?

The Form 4 shows an acquisition through a grant, not a market buy or sell. Rhodes received 704 Phantom Stock Units as compensation, which convert into common shares later, so there was no open-market trading of UFP Industries stock in this filing.

How many Phantom Stock Units does Thomas Wayne Rhodes hold after this UFP Industries grant?

Following the grant, Rhodes holds 67,571 Phantom Stock Units. This total includes the newly awarded 704 units and 209 additional units credited based on a dividend paid on March 16, 2026, reflecting accumulated director compensation rather than trading activity.

What does a 1-for-1 Phantom Stock Unit mean for UFP Industries (UFPI) directors?

A 1-for-1 Phantom Stock Unit means each unit is linked to one share of UFP Industries common stock. For Rhodes, his Phantom Stock Units are scheduled to be settled in an equivalent number of common shares when his service as a director ends, aligning compensation with share value.

How are dividends reflected in Thomas Wayne Rhodes’ UFP Industries Phantom Stock Units?

Dividends are reflected through credited additional units rather than cash in this plan. Rhodes’ holdings include 209 Phantom Stock Units credited based on a dividend paid on March 16, 2026, increasing his phantom balance in line with shareholder distributions over time.