Michael R. Cole, Chief Financial Officer of UFP Industries Inc, filed a statement of changes in beneficial ownership on November 2, 2026, reporting the acquisition of 17 phantom stock units under the company's Deferred Compensation Plan on October 30, 2026.

Key Highlights

  • Reporting person: Michael R. Cole, identified as Chief Financial Officer of UFP Industries Inc (NASDAQ:UFPI)
  • Security acquired: 17 phantom stock units, each convertible 1-for-1 into shares of common stock
  • Transaction date: October 30, 2026, with the filing submitted November 2, 2026
  • Price per unit: $81.92, as stated in the filing
  • Post-transaction holdings: 32,656 phantom stock units beneficially owned directly following the transaction
  • Settlement terms: Units are payable in shares of common stock upon the reporting person's death, disability, or retirement, according to the filing

UFP Industries CFO's Deferred Compensation Accrual Details

According to the filing, Michael R. Cole acquired 17 phantom stock units on October 30, 2026, under UFP Industries Inc's Deferred Compensation Plan. The transaction was coded as an acquisition and recorded in Table II, which covers derivative securities. The filing states that the phantom stock units carry a 1-for-1 conversion ratio into shares of the company's common stock.

UFP Industries Inc, a manufacturer and distributor of wood and wood-alternative products serving retail, industrial, and construction markets, lists its shares on NASDAQ under the ticker UFPI. The filing notes that the units are payable in common stock and are not exercisable on a set schedule; instead, settlement occurs upon the reporting person's death, disability, or retirement. Following this accrual, Cole's total directly held phantom stock units stand at 32,656, as reported in the filing.

The filing was signed by Katherine L. Karel on November 2, 2026, on behalf of the reporting person. No transactions in non-derivative securities, shown in Table I, were reported in this filing. No amendment date is listed, indicating this is an original filing rather than a correction to a prior submission.

What Was Disclosed

The filing disclosed the accrual of 17 phantom stock units at $81.92 each to UFP Industries CFO Michael R. Cole on October 30, 2026, under the company's Deferred Compensation Plan, bringing his total directly held phantom stock units to 32,656.