Form 4: H.B. Fuller CFO John Corkrean Reports Acquisition of Phantom Units and Updates Equity Holdings
Insider Trading Report
H.B. Fuller's Executive VP and CFO, John J. Corkrean, filed a Form 4 detailing the acquisition of phantom units and providing an updated overview of his beneficial ownership in company stock, options, and restricted stock units.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller Co. (FUL), filed a Form 4 statement detailing changes in his beneficial ownership of company securities.
- On July 3, 2025, Mr. Corkrean acquired 151.44 phantom units at a price of $62.24 per unit.
- These phantom units convert into shares of common stock on a 1-for-1 basis upon certain termination events or earlier participant selection, subject to holding periods.
- Following this transaction, Mr. Corkrean's total beneficial ownership includes 52,196 shares of common stock and 25,713.84 phantom units, which include units acquired through a dividend equivalent feature.
- The filing also provides an updated overview of his holdings in various employee stock options and restricted stock units (RSUs), detailing their exercise prices, vesting schedules, and expiration dates.
Sentiment
Score: 6
Explanation: The acquisition of phantom units by a key executive, John J. Corkrean, suggests continued alignment of management's interests with the company's performance and shareholder value. This is a standard compensation mechanism.
Positives
- The acquisition of 151.44 phantom units by Executive VP and CFO John J. Corkrean on July 3, 2025, at a value of $62.24 per unit, indicates an increase in his vested interest in H.B. Fuller's future performance.
- Phantom units convert to common stock on a 1-for-1 basis, aligning executive incentives directly with shareholder value.
- The comprehensive disclosure of significant beneficial ownership across common stock (52,196 shares), phantom units (25,713.84 units), employee stock options, and restricted stock units demonstrates a strong and diversified equity stake by a key executive.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency into executive equity holdings and compensation, potentially signaling management's confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $43.48, expiring 05/17/2026. |
| 01/26/2018 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $50.1, expiring 01/26/2027. |
| 01/25/2019 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $53.57, expiring 01/25/2028. |
| 01/24/2020 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $45.05, expiring 01/24/2029. |
| 01/24/2021 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $48.35, expiring 01/24/2030. |
| 01/27/2022 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $51.89, expiring 01/27/2031. |
| 01/24/2023 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $72.94, expiring 01/24/2032. |
| 01/24/2024 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $68.17, expiring 01/24/2033. Also, vesting start date for 1,292.02 Restricted Stock Units, expiring 01/24/2026. |
| 01/26/2025 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $77.72, expiring 01/26/2034. Also, vesting start date for 2,830.02 Restricted Stock Units, expiring 01/26/2027. |
| 07/03/2025 | Transaction date for the acquisition of 151.44 Phantom Units. |
| 07/07/2025 | Signature date of the reporting person's attorney-in-fact. |
| 01/27/2026 | Date exercisable for an Employee Stock Option (Right-to-Buy) with an exercise price of $64.28, expiring 01/27/2035. Also, vesting start date for 4,335.92 Restricted Stock Units, expiring 01/27/2028. |
Keywords
H.B. Fuller Co., FUL, Form 4, Insider Trading, Beneficial Ownership, Phantom Units, Employee Stock Options, Restricted Stock Units, Executive Compensation, John J. Corkrean, SEC Filing
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