William D. Schwartz

President and Chief Executive Officer at UFP INDUSTRIES

Board

Since December 29, 2024

Age

47 years

Tenure

Joined in 1998 and advanced from sales roles to leadership positions, including Operations Vice President (2014), Executive Vice President roles (2020 and 2022), and President of UFP Retail Solutions before becoming President and CEO on December 29, 2024.

Also at UFP INDUSTRIES

MJM

Matthew J. Missad

Executive Chairman of the Board

Landon Tarvin

President of UFP Retail Solutions, LLC

MRC

Michael R. Cole

Chief Financial Officer, Treasurer, and President of Corporate Services

About

William D. Schwartz, Jr. is the current President and Chief Executive Officer of UFP Industries, a role he assumed on December 29, 2024. He is 47 years old as of February 2025, reflecting a long tenure and depth of industry experience.

He began his career with UFP Industries in 1998, starting in various sales roles that included account manager, sales manager, and regional sales director. His progression in the company is marked by significant leadership milestones, having been promoted to Operations Vice President in 2014, then to Executive Vice President roles in Purchasing and Transportation in 2020 and later in Operations Services in 2022.

In addition, he notably led UFP Retail Solutions, the company's largest business segment specializing in yard and home products, before his appointment as the CEO. His career trajectory demonstrates a blend of sales acumen and operational expertise, contributing to sustained business growth and innovation at UFP Industries.

$UFPI Performance Under William D. Schwartz

Past Roles

Organization	Role	Date Range	Details
UFP Retail Solutions, LLC	President	Sep 26, 2022 - Dec 29, 2024	Led largest business segment generating approximately $2.6B in revenue
UFP Industries, Inc.	Executive Vice President of Operations Services	Jul 1, 2022 - Dec 29, 2024
UFP Industries, Inc.	Executive Vice President of Purchasing and Transportation	2020 - Jul 1, 2022
UFP Industries, Inc.	Operations Vice President	2014 - 2020
UFP Industries, Inc.	General Manager of Operations	N/A	Managed operations for several company plants
UFP Industries, Inc.	Sales Trainee, Account Manager, Sales Manager & Regional Sales Director	1998 - N/A	Progressed through roles gaining experience in sales and management

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$384,583	Annual	Fixed base salary for 2024
Deferred Compensation - Executive Contributions	$55,000	Deferred (as part of bonus deferral)	Deferred under the Deferred Compensation Plan from the annual bonus earned for 2024
Deferred Compensation - Company Contributions	$9,706	Deferred (stock issuance-based)	Based on issuance of shares equal to 15% of fiscal 2024 salary and bonus deferrals
Health and Welfare Benefits	$36,000	Annual Stipend	Provided stipend for health care benefits
Executive Retirement Plan	150% of highest annual base salary*	Upon retirement, death, or disability	Eligibility met (20+ years service and 10+ years as an officer); benefits payable over three years after retirement

Performance Compensation

Data from FY 2024

Annual Cash Incentive

Metric	Value
Annual Cash Incentive Amount	$1,201,500
ROI Threshold (Minimum)	8.5% for 1.8% contribution
ROI Threshold (Maximum)	22.0% for 2.2% contribution
Payment Threshold Tier 1	$1,000,000
Payment Threshold Tier 2	$1,500,000
Reallocation Percentage (Tier1-Tier2)	25%
Reallocation Percentage (Above Tier2)	50%
Evaluation Period	2024
Vesting Schedule	Immediate (cash paid in 2024)

Long-Term Incentive Compensation

Performance Units

Metric	Value
Threshold	487 units
Target	975 units
Maximum	1,950 units
Grant Date	Feb 27, 2024
Grant Date Fair Value	$110,653
Vesting Schedule	Vests 3 years from grant date (2027)

Restricted Stock Awards

Metric	Value
Threshold	487 shares
Target	975 shares
Maximum	1,950 shares
Total Shares Granted	6,106 shares
Grant Date	Feb 27, 2024
Grant Date Fair Value	$110,653
Vesting Schedule	Five-year cliff (vesting in 2029)

Executive Stock Grant Program

No specific performance metrics or targets provided for the Executive Stock Grant Program for 2024.

*For the Executive Retirement Plan, the benefit is calculated as 150% of the highest annual base salary during the three-year period preceding retirement.