Form 4: Fuller H. Co. Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
John J. Corkrean, Executive VP and CFO of Fuller H. Co., reported transactions involving common stock, phantom units, employee stock options, and restricted stock units.
Summary
- John J. Corkrean, Executive Vice President and Chief Financial Officer of Fuller H. Co. (FUL), has filed a Form 4 detailing changes in his beneficial ownership of company securities.
- The filing indicates transactions involving common stock, phantom units, employee stock options, and restricted stock units.
- Corkrean directly holds 59,508 shares of common stock.
- He also holds a significant number of derivative securities, including various employee stock options with exercise prices ranging from $45.05 to $77.72, and vesting schedules extending to 2036.
- Additionally, he holds phantom units and restricted stock units, some of which are subject to multi-year vesting schedules.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider transactions and does not provide new financial performance data or strategic outlook.
Positives
- The reporting person, John J. Corkrean, holds a substantial direct ownership of 59,508 shares of common stock.
- A variety of employee stock options are held, indicating potential future equity participation and alignment with company performance.
- Restricted Stock Units and Phantom Units are also held, further diversifying equity-based compensation and long-term incentives.
Risks
- The vesting schedules for some stock options and restricted stock units extend several years into the future, meaning the full benefit is contingent on continued employment and company performance.
- The exercise prices of stock options vary, and their value is dependent on the future stock price of Fuller H. Co. (FUL) exceeding these prices.
Future Outlook
The filing does not contain forward-looking statements or guidance. It solely reports on past transactions and current beneficial ownership.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for corporate insiders and reflect typical compensation structures involving stock options and restricted stock units within the manufacturing and industrial sectors.
Stakeholder Impact
- Shareholders: The filing provides transparency into the holdings and transactions of a key executive, which can inform their understanding of insider confidence and compensation structures.
- Employees: The existence of various stock options and RSU's indicates a long-term incentive program for employees, potentially aligning their interests with shareholders.
- Management: The filing details the compensation and equity holdings of a senior executive, reflecting standard corporate governance practices.
Key Dates
| Date | Description |
|---|---|
| 01/24/2020 | Earliest vesting date for an Employee Stock Option with an exercise price of $45.05. |
| 01/24/2021 | Vesting date for an Employee Stock Option with an exercise price of $48.35. |
| 01/26/2018 | Vesting date for an Employee Stock Option with an exercise price of $50.10. |
| 01/27/2022 | Vesting date for an Employee Stock Option with an exercise price of $51.89. |
| 01/25/2019 | Vesting date for an Employee Stock Option with an exercise price of $53.57. |
| 01/26/2027 | Vesting start date for an Employee Stock Option with an exercise price of $59.81. |
| 01/27/2026 | Vesting start date for an Employee Stock Option with an exercise price of $64.28. |
| 01/24/2024 | Vesting date for an Employee Stock Option with an exercise price of $68.17. |
| 01/24/2023 | Vesting date for an Employee Stock Option with an exercise price of $72.94. |
| 01/26/2025 | Vesting start date for an Employee Stock Option with an exercise price of $77.72 and vesting start date for Restricted Stock Units. |
| 01/26/2025 | Expiration date for an Employee Stock Option with an exercise price of $59.81. |
| 01/27/2025 | Expiration date for an Employee Stock Option with an exercise price of $64.28. |
| 01/26/2027 | Vesting end date for Restricted Stock Units. |
| 01/26/2029 | Vesting end date for Restricted Stock Units. |
| 01/27/2028 | Vesting end date for Restricted Stock Units. |
| 01/24/2029 | Expiration date for an Employee Stock Option with an exercise price of $45.05. |
| 01/24/2030 | Expiration date for an Employee Stock Option with an exercise price of $48.35. |
| 01/26/2027 | Expiration date for an Employee Stock Option with an exercise price of $50.10. |
| 01/27/2031 | Expiration date for an Employee Stock Option with an exercise price of $51.89. |
| 01/25/2028 | Expiration date for an Employee Stock Option with an exercise price of $53.57. |
| 01/26/2036 | Expiration date for an Employee Stock Option with an exercise price of $59.81. |
| 01/27/2035 | Expiration date for an Employee Stock Option with an exercise price of $64.28. |
| 01/24/2033 | Expiration date for an Employee Stock Option with an exercise price of $68.17. |
| 01/24/2032 | Expiration date for an Employee Stock Option with an exercise price of $72.94. |
| 01/26/2034 | Expiration date for an Employee Stock Option with an exercise price of $77.72. |
| 04/24/2026 | Earliest transaction date reported in the filing. |
Keywords
Form 4, SEC Filing, Insider Trading, Beneficial Ownership, John J. Corkrean, Fuller H. Co., FUL, Executive VP, CFO, Stock Options, Restricted Stock Units, Phantom Units, Common Stock
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