UFP Industries sets $5M separation pay for retiring Executive Chairman Missad; dividend up 3% to $0.36

UFP INDUSTRIES INC

Matthew J. Missad retires from employment December 31, 2026, after serving as Executive Chairman since December 29, 2024; he will remain Chairman of the Board.
Separation agreement pays Missad $5.0M gross in three installments of $1,666,666.66 each, due on or about July 1, 2027, 2028 and 2029, in lieu of Executive Retirement Plan benefits.
Missad gets continued restricted stock vesting, eligibility for a 2026 performance bonus paid February 2027, COBRA, and expense reimbursement; pact includes release of claims.
Three-year noncompete runs from the termination date through December 31, 2029, plus confidentiality and non-disparagement covenants; breach lets UFP halt payments and claw back shares.
Board declared a quarterly dividend of $0.36 per share, payable December 15, 2026 to holders of record December 1, 2026, a 3% increase over the 2025 rate.

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