Sundar PichaiSundar Pichai earned $164M in 2023

Michael B. Glenn served as the CEO of UFP Industries, Inc. from July 2006 until July 2011. He has a solid track record, having been with the company since 1974. He climbed the ranks over the years, holding positions like...

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Michael B. Glenn

Ex-CEO of UFP Industries, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1952 - 73 years ago

CEO of UFP Industries, Inc. for

5 years 0 months (Jul 2006 - Jul 2011)

Previous Experience

Senior Vice President of the Company’s southwest operations, President of Universal Forest Products Western Division, Inc.

Holdings

See how much did Michael B. Glenn make over time.

During his time at UFP Industries, Michael B. Glenn's stock holdings showed significant fluctuations, reflecting his strong belief in the company’s future. His holdings increased impressively from around $15.23 million in September 2019 to over $40 million by late 2023....

Mar 18, 2025

Total Stock Sold

$249.50K

UFPI

$249.50K

75,000 UFPI shares

What if they kept their stock?

If Michael B. Glenn didn't sell their stock, today they would have:
Extra UFPI75,000 shares worth $3.08M.
This is 1,135.17% and $2.83M more than what they got when they sold the stock.

Charitable Transactions

UFPI

19,476 shares

UFPI

Recent Charitable Transactions

UFPI

6,492 shares

UFPI

Jun 9, 2011

Charity

Insider Trading

See recent insider trades of Michael B. Glenn.

UFPI

$387.50K

UFPI at $31.00/share

Aug 29, 2011

Sale

UFPI

$375.38K

UFPI at $30.03/share

Jul 15, 2011

Sale

UFPI

6,492 shares

UFPI

Jun 9, 2011

Charity

UFPI

6,492 shares

UFPI

Jun 9, 2011

Charity

UFPI

400 shares

UFPI

Feb 15, 2011

Received

UFPI

$76.42K

UFPI at $38.21/share

Feb 1, 2011

Received

UFPI

$1.67K

UFPI at $37.18/share

Dec 25, 2010

Received

UFPI

$528.08

UFPI at $37.72/share

Dec 26, 2009

Received

UFPI

$5.25K

UFPI at $28.53/share

Dec 27, 2008

Purchase

UFPI

$5.25K

UFPI at $28.53/share

Dec 27, 2008

Purchase

Compensation History

See how much did Michael B. Glenn make over time.

Michael B. Glenn's compensation during his time as CEO showed a direct link between his leadership and the company's performance. In 2009, his total compensation peaked at $1,320,497, which included a combination of salary, bonuses, and stock options. In 2010, he earned $1,227,305, reflecting a strong performance-based pay structure. His salary averaged around $590,601, with bonuses driven by metrics like return on investment, aligning his interests with that of UFP Industries. When he left in 2011, a consulting agreement kept him at an annual salary of around $607,000 until 2015, which emphasized his ongoing value to the company even after his official tenure had ended. This structure illustrates how a CEO's incentives can be tied directly to company success, a strategy that appears to have worked well for Glenn and UFP Industries overall.

Year

2011

Total Compensation

$814.22K

Salary

$324.11K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, attract and retain key executives, and reward performance based on achievement of company goals.

Bonus

$142.63K

Board Justification

The bonus was based on the company's performance metrics and was pro-rated for the portion of the year he was employed, as he left the company on June 21, 2011.

Other

$310.71K

Board Justification

Other compensation includes consulting fees of $281,819 and COBRA expenses of $8,303 for the period from June 22, 2011 to December 31, 2011.

Restricted Stock

$36.77K(6.15K common stock)

Board Justification

The vested stock was granted under the Executive Stock Grant Program and was based on Mr. Glenn attaining age 60 on March 16, 2011.

Performance Metrics

The performance metrics for determining compensation included operating profit and return on investment (ROI) for the company.

Other UFP Industries, Inc. CEOs

Here are other CEOs of UFP Industries, Inc.