UFP Industries Reports on Stock Plans in Q1 2025 10-Q
Ticker: UFPI · Form: 10-Q · Filed: May 7, 2025 · CIK: 912767
Sentiment: neutral
Topics: 10-Q, stock-compensation, quarterly-report
Related Tickers: UFPI
TL;DR
UFP Industries' Q1 10-Q shows stock plans are active, impacting employee incentives.
AI Summary
UFP Industries, Inc. filed its 10-Q for the period ending March 29, 2025. The company reported on its stock-based compensation plans, including its Stock Purchase Plan, Stock Gift Program, Long-Term Stock Incentive Plan (LTSIP), Executive Stock Match Grants, Director Compensation Plan, and Deferred Compensation Plans. These plans were active for the periods ending March 29, 2025, and March 30, 2024.
Why It Matters
This filing details UFP Industries' ongoing equity compensation programs, which are crucial for attracting and retaining talent and can impact future share dilution.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report detailing stock compensation plans and does not indicate significant new risks.
Key Players & Entities
- UFP INDUSTRIES INC (company) — Filer
- March 29, 2025 (date) — Reporting Period End Date
- March 30, 2024 (date) — Prior Period End Date
FAQ
What is the primary purpose of the stock-based compensation plans mentioned in the filing?
The filing references various stock-based compensation plans such as the Stock Purchase Plan, Stock Gift Program, LTSIP, Executive Stock Match Grants, Director Compensation Plan, and Deferred Compensation Plans, which are standard mechanisms for employee and director incentives.
What fiscal periods do the stock compensation plans cover in this 10-Q?
The stock compensation plans mentioned cover periods ending March 29, 2025, and March 30, 2024.
Is there any mention of new stock issuances or significant changes to existing stock plans?
This filing primarily details the ongoing nature and coverage periods of existing stock-based compensation plans and does not explicitly mention new issuances or significant changes.
What is the company's former name and when did it change?
The company's former name was UNIVERSAL FOREST PRODUCTS INC, and the name change occurred on September 29, 1993.
Where is UFP Industries, Inc. headquartered?
UFP Industries, Inc. is headquartered in Grand Rapids, Michigan, with a business and mailing address at 2801 East Beltline NE, Grand Rapids, MI 49525.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 7, 2025 regarding UFP INDUSTRIES INC (UFPI).