Michael R. Cole, Chief Financial Officer of UFP Industries (UFPI), has filed 54 Form 4 transactions with the SEC, but the pattern is overwhelmingly one of compensation and administrative activity rather than discretionary trading. Across his entire filing history, Cole has recorded zero open-market purchases and zero open-market sales. Instead, the bulk of his activity consists of periodic stock awards (code "A") — small monthly grants typically valued between roughly $1,380 and $1,470 — alongside occasional larger equity grants, such as a $854,219.85 award on February 19, 2026, and a $241,883.40 award on February 27, 2026. These recurring awards, which appear on a near-monthly cadence, are compensation events rather than conviction trades.
The only other notable transactions are mechanical in nature. On April 1, 2026, Cole exercised options (code "M") valued at $39,919.32 and simultaneously sold shares back to the issuer (code "D") for $10,478.82 — a routine same-day exercise-and-surrender arrangement. A similar pattern occurred on April 1, 2025, with an option exercise valued at $0 and a $10,447.78 disposition to the issuer. Over the entire period, Cole's total acquired value from grants and exercises reached $5,282,702.10, while his total sell-side activity — all dispositions to the issuer rather than open-market sales — amounted to $2,507,945.24.
The data reveals no directional bias in Cole's trading. There are no open-market purchases to signal bullish conviction and no open-market sales to suggest bearish sentiment. His Form 4 history is essentially a record of equity compensation: recurring awards, periodic option exercises, and automatic share surrenders to cover tax or exercise costs. For investors tracking insider behavior, Cole's filings indicate a CFO whose UFPI stake is built through compensation and managed through administrative transactions, not through active market timing.
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