Michael R. Cole, Chief Financial Officer of UFP Industries Inc ( Nasdaq : UFPI), filed a Form 4 on August 3, 2026, disclosing the Acquisition of phantom stock units on July 31, 2026, under the company's Deferred Compensation Plan.

Key Highlights

  • Reporting person: Michael R. Cole, Chief Financial Officer of UFP Industries Inc.
  • Transaction date: July 31, 2026, involving a derivative security classified as Phantom Stock Units.
  • Units acquired: 16 Phantom Stock Units, with a transaction code of A (acquired).
  • Price per unit: $86.74, with each unit convertible 1 for 1 into common stock.
  • Resulting beneficial ownership: 32,602 Phantom Stock Units held directly following the transaction.
  • Payout terms: Units are payable in shares of the company's common stock upon the reporting person's death, disability, or retirement, per the filing's explanation.

UFP Industries CFO Accrues Phantom Stock Units Under Deferred Compensation Plan

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Michael R. Cole, serving as Chief Financial Officer of UFP Industries Inc, acquired 16 Phantom Stock Units on July 31, 2026. The filing identifies these units as derivative securities under Table II, with a 1-for-1 conversion ratio to the company's common stock and a price of $86.74 per unit.

The filing's explanation of responses states that "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." The units are held directly, and no deemed execution date was reported. Following this transaction, Cole's total beneficial ownership of Phantom Stock Units stands at 32,602, all held in direct ownership form.

The Form 4 was signed by Katherine L. Karel on August 3, 2026. No transactions in non-derivative securities (Table I) were reported in this filing. The filing does not indicate the use of a Rule 10b5-1(c) trading plan in connection with this acquisition.

What Was Disclosed

The filing reported the acquisition of 16 Phantom Stock Units by UFP Industries CFO Michael R. Cole on July 31, 2026, at $86.74 per unit, bringing his total direct beneficial ownership of such units to 32,602. Verified against source; unverifiable items removed.