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UFP Industries (UFPI) director gains 518 phantom stock units grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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SEC Form 4
FORM 4 UNITED 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*
McLean Benjamin J.

(Last) (First) (Middle)
2801 E BELTLINE AVE NE

(Street)
GRAND RAPIDS MI 49525

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UFP INDUSTRIES INC [ UFPI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Unit (1) 02/02/2026 A 518 (2) (2) Common Stock 518 $104.9 14,120 D
Explanation of Responses:
1. 1 for 1
2. 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.
Katherine L. Karel 02/04/2026
** Signature of Reporting Person Date
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.

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.
Ufp Industries Inc

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UFPI Stock Data

6.28B
57.06M
2.01%
87.32%
2.02%
Lumber & Wood Production
Sawmills & Planting Mills, General
Link
United States
GRAND RAPIDS