Rhodes Thomas Wayne, a director at UFP Industries Inc, has reported a transaction involving 720 phantom stock units, as disclosed in a recent SEC filing. This transaction, dated November 2, 2026, is part of the director's compensation plan and highlights the ongoing involvement of management in the company's equity structure.

UFP Industries Inc, identified by the Central Index Key (CIK) 0000912767, operates in the sawmills and planning mills sector. The company is incorporated in Michigan and has a fiscal year ending on December 26. UFP Industries is known for its manufacturing capabilities and has been actively involved in various market segments.

The filing indicates that Wayne acquired 720 phantom stock units at a price of $83.14 each. Following this transaction, Wayne's total ownership stands at 69,482 shares. This reflects a commitment to the company's performance and aligns the interests of its directors with those of shareholders.

Details were not available in the SEC filing regarding future actions or additional transactions. However, the ongoing disclosures suggest that UFP Industries maintains transparency in its executive compensation practices.

The filing can be referenced with accession number 0001548371-26-000005.

Details of the Phantom Stock Units

The 720 phantom stock units acquired by Wayne are credited as part of the Director Compensation Plan, which aims to align the interests of directors with those of shareholders. Each unit represents a right to receive one share of common stock upon certain conditions, underscoring the company's commitment to incentivizing its board members.

Additionally, the filing notes that Wayne's total ownership includes 284 shares credited based on a dividend paid on September 15, 2026. This reflects the company's practice of rewarding its directors with dividends, further enhancing their equity stake in UFP Industries.

Director's Role and Responsibilities

Wayne is identified as a director in the filing, but he does not hold any officer position or own ten percent or more of the company. His role as a director is crucial in guiding the strategic direction of UFP Industries, particularly in the sawmills and planning mills sector.

"The ongoing disclosures suggest that UFP Industries maintains transparency in its executive compensation practices."

The filing does not provide information on any potential future transactions or changes in Wayne's role within the company, leaving some aspects of his involvement open for speculation.