UFPI CFO granted 16 phantom stock units
COLE MICHAEL R reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
COLE MICHAEL R reported acquisition or exercise transactions in this Form 4 filing.
UFP Industries Chief Financial Officer Michael R. Cole received a grant of 16 Phantom Stock Units tied to the company’s common stock. These units were accredited under the company’s Deferred Compensation Plan and are payable in shares upon his death, disability, or retirement.
Each Phantom Stock Unit represents one share of common stock on a 1-for-1 basis. Following this grant, Cole directly holds 32,414 derivative-equivalent units linked to UFP Industries common stock, reflecting part of his long-term, stock-based compensation rather than an open-market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 16 | $89.49 | $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 shares of the Company's common stock until the reporting person's death, disability or retirement.
Key Figures
Key Terms
Phantom Stock Unit financial
Deferred Compensation Plan financial
Common Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UFP Industries (UFPI) report for CFO Michael R. Cole?
How many Phantom Stock Units does the UFPI CFO hold after this Form 4 transaction?
What is a Phantom Stock Unit in the context of UFP Industries (UFPI)?
At what reference price were the UFPI Phantom Stock Units granted to the CFO?
Does this UFPI Form 4 show an open-market buy or sell by the CFO?
AI-generated analysis. How Rhea-AI works. Not financial advice.