Guerre Robert Paul, an executive at UFP Industries Inc., has reported a transaction involving phantom stock units. This acquisition of 19 units at a price of $77.22 each is part of the company's ongoing commitment to transparency in executive compensation.
UFP Industries Inc., based in Grand Rapids, Michigan, is classified under the SIC code for sawmills and planning mills. The company has been active in ensuring compliance with regulatory requirements, as evidenced by this recent filing.
The filing states, "The phantom stock units were accrued under the Company's Deferred Compensation Plan and are payable in shares of the Company's common stock upon the reporting person's death, disability, or retirement." This highlights the nature of the transaction and its implications for executive compensation.
This update may affect stakeholders, including employees and investors, as it reflects the company's adherence to corporate governance standards. Transparency in such transactions is crucial for maintaining trust and confidence in the company's leadership.
The filing does not say what happens next.
Details of the Transaction
The transaction took place on September 30, 2026, and involved the acquisition of 19 phantom stock units, priced at $77.22 each. Following this transaction, Guerre Robert Paul now owns a total of 1,275 shares of the company's common stock.
Guerre Robert Paul holds the position of Secretary and Director of Corporate Compliance at UFP Industries Inc., which indicates his significant role within the company's governance structure. This filing is part of the company's compliance with the SEC regulations under the 1934 Act.
Company Background
UFP Industries Inc. is incorporated in Michigan and operates under the SIC code for sawmills and planning mills. The company has undergone a name change from Universal Forest Products Inc. on September 29, 1993, reflecting its evolution in the manufacturing sector.
The filing does not provide details on the overall impact of this transaction on the company's financial position or any future plans related to the phantom stock units.