Form 4: H.B. Fuller CFO Boosts Stake with Phantom Unit Acquisition
Statement of Changes in Beneficial Ownership
H.B. Fuller's Executive VP and CFO, John J. Corkrean, reported an acquisition of 165.1 phantom units, increasing his beneficial ownership.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller Co. (FUL), filed a Form 4 statement of changes in beneficial ownership.
- The filing reports a transaction on October 10, 2025, where Corkrean acquired 165.1 phantom units.
- These phantom units convert into shares of common stock on a 1-for-1 basis upon certain termination events or participant selection, subject to holding periods.
- Following this transaction, Corkrean beneficially owns 26,936.83 phantom units, which include stock units acquired pursuant to a dividend equivalent feature.
- Corkrean also directly owns 52,196 shares of common stock.
- The filing details various employee stock options held by Corkrean, with exercise prices ranging from $43.48 to $77.72 and expiration dates between 2026 and 2035.
- Additionally, Corkrean holds restricted stock units that convert 1-for-1 into common stock, with vesting dates in 2024, 2025, and 2026, and expiration dates between 2026 and 2028.
Sentiment
Score: 5
Explanation: Neutral. This is a standard regulatory disclosure of an executive's beneficial ownership changes, specifically an acquisition of compensation-related phantom units. It does not inherently indicate positive or negative company performance.
Positives
- Executive VP and CFO John J. Corkrean increased his beneficial ownership of phantom units by 165.1 units, which can be viewed as a positive signal of management's continued alignment with shareholder interests.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a routine insider transaction disclosure and does not provide information to analyze broader industry trends or competitors.
Stakeholder Impact
- Shareholders: The acquisition of phantom units by a key executive (CFO) may be viewed as a minor positive signal of management's continued alignment with shareholder interests, as it increases their stake in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date exercisable for Employee Stock Option with $43.48 exercise price. |
| 01/26/2018 | Date exercisable for Employee Stock Option with $50.10 exercise price. |
| 01/25/2019 | Date exercisable for Employee Stock Option with $53.57 exercise price. |
| 01/24/2020 | Date exercisable for Employee Stock Option with $45.05 exercise price. |
| 01/24/2021 | Date exercisable for Employee Stock Option with $48.35 exercise price. |
| 01/27/2022 | Date exercisable for Employee Stock Option with $51.89 exercise price. |
| 01/24/2023 | Date exercisable for Employee Stock Option with $72.94 exercise price. |
| 01/24/2024 | Date exercisable for Employee Stock Option with $68.17 exercise price; Vesting date for 1,297.11 Restricted Stock Units. |
| 01/26/2025 | Date exercisable for Employee Stock Option with $77.72 exercise price; Vesting date for 2,841.16 Restricted Stock Units. |
| 10/10/2025 | Transaction date for acquisition of 165.1 phantom units. |
| 01/27/2026 | Date exercisable for Employee Stock Option with $64.28 exercise price; Vesting date for 4,352.99 Restricted Stock Units. |
| 05/17/2026 | Expiration date for Employee Stock Option with $43.48 exercise price. |
| 01/24/2026 | Expiration date for 1,297.11 Restricted Stock Units. |
| 01/26/2027 | Expiration date for Employee Stock Option with $50.10 exercise price; Expiration date for 2,841.16 Restricted Stock Units. |
| 01/27/2028 | Expiration date for 4,352.99 Restricted Stock Units. |
| 01/25/2028 | Expiration date for Employee Stock Option with $53.57 exercise price. |
| 01/24/2029 | Expiration date for Employee Stock Option with $45.05 exercise price. |
| 01/24/2030 | Expiration date for Employee Stock Option with $48.35 exercise price. |
| 01/27/2031 | Expiration date for Employee Stock Option with $51.89 exercise price. |
| 01/24/2032 | Expiration date for Employee Stock Option with $72.94 exercise price. |
| 01/24/2033 | Expiration date for Employee Stock Option with $68.17 exercise price. |
| 01/26/2034 | Expiration date for Employee Stock Option with $77.72 exercise price. |
| 01/27/2035 | Expiration date for Employee Stock Option with $64.28 exercise price. |
Keywords
H.B. Fuller, FUL, Form 4, Insider Trading, Beneficial Ownership, John J. Corkrean, Phantom Units, Stock Options, Restricted Stock Units, Executive Compensation
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