Director Benjamin J. McLean filed a Form 4 with the SEC on November 3, 2026, reporting the acquisition of 654 Phantom Stock Units in UFP Industries Inc on November 2, 2026.

Key Highlights

  • Reporting person: Benjamin J. McLean, identified as a Director of UFP Industries Inc (NASDAQ:UFPI).
  • Transaction: 654 Phantom Stock Units acquired (transaction code A) on November 2, 2026, credited as part of the Director Compensation Plan.
  • Price of derivative security: $83.14 per unit, as reported in the filing.
  • Post-transaction holdings: McLean beneficially owned 16,170 Phantom Stock Units following the transaction, held directly.
  • Dividend-related credits: The total includes 64 shares credited based on a dividend payment on September 15, 2026.
  • Settlement terms: The units are described as shares issuable following termination of service as a director, on a 1-for-1 conversion basis.

Director Benjamin J. McLean's November 2026 Phantom Stock Unit Award at UFP Industries

According to the Form 4 filed November 3, 2026, Benjamin J. McLean, a director of UFP Industries Inc, acquired 654 Phantom Stock Units on November 2, 2026. The filing indicates the units were credited as part of the company's Director Compensation Plan and carry a reported derivative security price of $83.14. The underlying security is common stock, with each unit convertible on a 1-for-1 basis.

The filing discloses that the units are issuable as shares of common stock following McLean's termination of service as a director. No expiration date or exercisability date fields were specified in the filing for these units. Following the reported transaction, McLean's total beneficial ownership of Phantom Stock Units stands at 16,170, held directly. The filing notes that this figure includes 64 shares credited based on a dividend payment on September 15, 2026.

No transactions were reported in Table I (Non-Derivative Securities). The Form 4 was signed by Katherine L. Karel on November 3, 2026, on behalf of the reporting person. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan.

What Was Disclosed

Benjamin J. McLean, a UFP Industries director, reported acquiring 654 Phantom Stock Units on November 2, 2026, at $83.14 per unit under the Director Compensation Plan, bringing his total Phantom Stock Unit holdings to 16,170.