UFP Industries Management

Management criteria checks 3/4

UFP Industries' CEO is Matt Missad, appointed in Jul 2011, has a tenure of 13.33 years. total yearly compensation is $8.45M, comprised of 10.2% salary and 89.8% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth €38.48M. The average tenure of the management team and the board of directors is 8.8 years and 10.8 years respectively.

Key information

Matt Missad

Chief executive officer

US$8.5m

Total compensation

CEO salary percentage	10.2%
CEO tenure	13.3yrs
CEO ownership	0.6%
Management average tenure	8.8yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Matt Missad's remuneration changed compared to UFP Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 28 2024	n/a	n/a	US$425m
Jun 29 2024	n/a	n/a	US$462m
Mar 30 2024	n/a	n/a	US$485m
Dec 30 2023	US$8m	US$860k	US$489m
Sep 30 2023	n/a	n/a	US$518m
Jul 01 2023	n/a	n/a	US$551m
Apr 01 2023	n/a	n/a	US$603m
Dec 31 2022	US$10m	US$824k	US$665m
Sep 24 2022	n/a	n/a	US$671m
Jun 25 2022	n/a	n/a	US$628m
Mar 26 2022	n/a	n/a	US$601m
Dec 25 2021	US$10m	US$815k	US$518m
Sep 25 2021	n/a	n/a	US$446m
Jun 26 2021	n/a	n/a	US$404m
Mar 27 2021	n/a	n/a	US$301m
Dec 26 2020	US$6m	US$807k	US$240m
Sep 26 2020	n/a	n/a	US$216m
Jun 27 2020	n/a	n/a	US$191m
Mar 28 2020	n/a	n/a	US$180m
Dec 28 2019	US$5m	US$793k	US$175m
Sep 28 2019	n/a	n/a	US$168m
Jun 29 2019	n/a	n/a	US$158m
Mar 30 2019	n/a	n/a	US$148m
Dec 29 2018	n/a	n/a	US$145m
Sep 29 2018	n/a	n/a	US$146m
Jun 30 2018	n/a	n/a	US$139m
Mar 31 2018	n/a	n/a	US$129m

Compensation vs Market: Matt's total compensation ($USD8.45M) is above average for companies of similar size in the German market ($USD3.31M).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.

CEO

Matt Missad (63 yo)

13.3yrs

Tenure

US$8,454,535

Compensation

Mr. Matthew Jon Missad, CPA, also known as Matt, has been the Chief Executive Officer of UFP Industries, Inc. (formerly known as Universal Forest Products, Inc.) since July 13, 2011 and serves as its Chair...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matthew Missad	CEO & Chairman	13.3yrs	US$8.45m	0.56% € 38.5m
Michael Cole	CFO & Treasurer	24.8yrs	US$4.29m	0.32% € 21.8m
Patrick Benton	President of UFP Construction LLC	4.8yrs	US$2.76m	0.22% € 15.4m
Scott Worthington	President of UFP Packaging LLC	4.8yrs	US$2.57m	0.19% € 13.3m
William Schwartz	President of UFP Retail Solutions	2.2yrs	US$2.27m	no data
Scott Bravata	Vice President of Accounting & Administration	18.8yrs	no data	no data
Dick Gauthier	Vice President of Communications & Investor Relations	no data	no data	no data
David Tutas	Chief Compliance Officer	13.3yrs	no data	0.035% € 2.4m
Allen Peters	COO of UFP Retail Solutions LLC & Executive VP of Innovation	2.2yrs	US$2.67m	no data
Chad Uhlig-Eastin	Executive Vice President of ProWood	8.8yrs	no data	no data

8.8yrs

Average Tenure

54yo

Average Age

Experienced Management: UF3's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Missad	CEO & Chairman	13.8yrs	US$8.45m	0.56% € 38.5m
Brian Walker	Independent Director	9.8yrs	US$225.00k	0.0015% € 104.1k
Mary E. Kuras	Independent Director	10.8yrs	US$210.00k	0.035% € 2.4m
William Currie	Independent Director	46.8yrs	US$195.00k	0.19% € 12.8m
Bruce Merino	Independent Director	15.8yrs	US$205.00k	0.012% € 832.1k
Michael Wooldridge	Independent Director	8.8yrs	US$215.00k	0.024% € 1.6m
Joan Budden	Independent Director	5.8yrs	US$205.00k	0% € 0
Thomas Rhodes	Lead Independent Director	12.6yrs	US$220.00k	0.0015% € 104.1k
Benjamin McLean	Independent Director	4.8yrs	US$205.00k	0.0011% € 75.3k

10.8yrs

Average Tenure

62yo

Average Age

Experienced Board: UF3's board of directors are seasoned and experienced ( 10.8 years average tenure).

UFP Industries Management

Management criteria checks 3/4

Key information

Recent management updates

UFP Industries, Inc. Announces Chief Executive Officer Changes

President of UFP Construction LLC recently sold €1.3m worth of stock

Independent Director recently sold €1.8m worth of stock

UFP Industries, Inc., Annual General Meeting, Apr 24, 2024

CEO & Chairman recently sold €3.1m worth of stock

Independent Director recently sold €2.1m worth of stock

Recent updates

Third quarter dividend of US$0.33 announced

Third quarter 2024 earnings released: EPS: US$1.64 (vs US$2.14 in 3Q 2023)

UFP Industries, Inc. Approves Quarterly Dividend, Payable on December 16, 2024

UFP Industries, Inc. Announces Chief Executive Officer Changes

Upcoming dividend of US$0.33 per share

Second quarter dividend of US$0.33 announced

Second quarter 2024 earnings released: EPS: US$2.05 (vs US$2.40 in 2Q 2023)

UFP Industries, Inc. (NasdaqGS:UFPI) announces an Equity Buyback for $200 million worth of its shares.

Investor sentiment improves as stock rises 17%

UFP Industries, Inc. to Report Q2, 2024 Results on Jul 30, 2024

President of UFP Construction LLC recently sold €1.3m worth of stock

Upcoming dividend of US$0.33 per share

Independent Director recently sold €1.8m worth of stock

First quarter dividend of US$0.33 announced

First quarter 2024 earnings released: EPS: US$1.96 (vs US$2.01 in 1Q 2023)

UFP Industries, Inc. Approves Quarterly Dividend, Payable on June 17, 2024

Now 20% undervalued after recent price drop

UFP Industries, Inc., Annual General Meeting, Apr 24, 2024

CEO & Chairman recently sold €3.1m worth of stock

Full year 2023 earnings released: EPS: US$8.21 (vs US$11.05 in FY 2022)

Upcoming dividend of US$0.33 per share

Third quarter dividend of US$0.33 announced

UFP Industries Announces Quarterly Dividend, Payable on March 15, 2024

Upcoming dividend of US$0.30 per share at 1.1% yield

Independent Director recently sold €2.1m worth of stock

UFP Industries, Inc. Approves Quarterly Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$2.14 (vs US$2.68 in 3Q 2022)

UFP Industries, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.30 per share at 1.2% yield

Independent Director recently sold €835k worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$2.40 (vs US$3.24 in 2Q 2022)

UFP Industries, Inc. Approves Quarterly Dividend, Payable on September 15, 2023

Independent Director recently sold €651k worth of stock

CEO & Chairman recently sold €367k worth of stock

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.25 per share at 1.2% yield

Now 22% undervalued after recent price drop

CEO & Chairman recently sold €386k worth of stock

First quarter 2023 earnings released: EPS: US$2.01 (vs US$3.01 in 1Q 2022)

Now 21% undervalued after recent price drop

CEO & Chairman recently sold €744k worth of stock

Now 23% undervalued after recent price drop

President of UFP Construction LLC recently sold €1.0m worth of stock

Independent Director recently sold €3.7m worth of stock

CFO & Treasurer recently sold €372k worth of stock

Full year 2022 earnings released: EPS: US$11.05 (vs US$8.61 in FY 2021)

Upcoming dividend of US$0.25 per share at 1.2% yield

UFP Industries, Inc. Announces Quarterly Dividend, Payable on March 15, 2023

UFP Industries, Inc. Announces Executive Changes

Now 21% undervalued

Upcoming dividend of US$0.25 per share

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$2.68 (vs US$1.94 in 3Q 2021)

UFP Industries, Inc. Approves Quarterly Dividend, Payable on December 15, 2022

UFP Industries, Inc. Names Will Schwartz President of UFP Retail Solutions, effective January 1, 2023

UFP Industries, Inc. Announces the Appointment of Allen Peters to Executive Vice President of Innovation, Effective January 1, 2023

Upcoming dividend of US$0.25 per share

Investor sentiment improved over the past week

CFO & Treasurer recently sold €294k worth of stock

Second quarter 2022 earnings released: EPS: US$3.24 (vs US$2.79 in 2Q 2021)

UFP Industries, Inc. Approves Quarterly Dividend, Payable om September 15, 2022

UFP Industries, Inc. to Report Q2, 2022 Results on Jul 21, 2022

President of UFP Construction LLC recently sold €1.2m worth of stock

Upcoming dividend of US$0.25 per share

President of UFP Construction LLC recently sold €600k worth of stock

Insider recently sold €847k worth of stock

Insufficient new directors

UFP Industries, Inc. Plans Retirement of President and COO Pat Webster at the End of 2022