UFP Industries (UFPI) director gains 518 phantom stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UFP Industries director Benjamin J. McLean reported receiving 518 phantom stock units on February 2, 2026. The units are valued at $104.90 per unit and are part of the company’s Deferred Compensation Plan.
Each phantom unit is convertible on a 1-for-1 basis into a share of UFP Industries common stock. After this award, McLean holds 14,120 phantom stock units directly, which are payable in common shares upon his death, disability, or retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McLean Benjamin J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 518 | $104.90 | $54K |
Holdings After Transaction:
Phantom Stock Unit — 14,120 shares (Direct)
Footnotes (1)
- 1 for 1 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.
FAQ
What insider transaction did UFPI director Benjamin J. McLean report?
Director Benjamin J. McLean reported acquiring 518 phantom stock units of UFP Industries on February 2, 2026. These units were granted under the company’s Deferred Compensation Plan and increase his directly held phantom stock balance to 14,120 units.
How many phantom stock units does Benjamin J. McLean hold after this UFPI transaction?
After the reported transaction, Benjamin J. McLean holds 14,120 phantom stock units. This total reflects the addition of 518 units granted on February 2, 2026 under UFP Industries’ Deferred Compensation Plan for directors.
What is the value per phantom stock unit in the UFPI Form 4 filing?
Each phantom stock unit is valued at $104.90 in the reported transaction. McLean received 518 units, all under UFP Industries’ Deferred Compensation Plan, with each unit tied economically to one share of common stock on a 1-for-1 basis.
How are UFPI phantom stock units for Benjamin J. McLean settled?
The phantom stock units are payable in UFP Industries common stock. According to the filing, they are issuable when McLean experiences death, disability, or retirement, aligning with the terms of the company’s Deferred Compensation Plan for participants.
What does 1-for-1 mean for UFPI phantom stock units reported by McLean?
The 1-for-1 description means each phantom stock unit corresponds to one share of UFP Industries common stock. When the units are paid out under the Deferred Compensation Plan, they are settled in an equal number of common shares.
Is the UFPI phantom stock transaction by McLean a direct or indirect holding?
The Form 4 indicates McLean’s 14,120 phantom stock units, including the new 518-unit grant, are held directly. The ownership form is marked as “D,” showing these derivative securities are not attributed to a separate entity or indirect structure.