Form 4: H.B. Fuller CFO John Corkrean Reports Significant Equity Holdings and Phantom Unit Acquisition
Insider Transaction Report
H.B. Fuller Co.'s Executive Vice President and CFO, John J. Corkrean, filed a Form 4 detailing his beneficial ownership of common stock, phantom units, employee 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 of changes in beneficial ownership.
- The filing reports Mr. Corkrean's direct beneficial ownership of 52,196 shares of Common Stock.
- He acquired 172.73 Phantom Units on June 20, 2025, bringing his total Phantom Unit holdings to 25,562.4, which convert into common stock on a 1-for-1 basis.
- Mr. Corkrean holds a substantial number of Employee Stock Options (Right-to-Buy) with various exercise prices and expiration dates, totaling 281,748 shares.
- He also holds Restricted Stock Units (RSUs) totaling 8,457.96 shares, which convert into common stock on a 1-for-1 basis upon vesting.
- The earliest transaction date reported in this filing is June 20, 2025, relating to the acquisition of phantom units.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive as it indicates an executive's continued significant equity alignment with the company through various compensation instruments, which is generally viewed favorably by investors.
Positives
- The Executive VP and CFO holds a significant amount of company equity, including common stock, phantom units, stock options, and restricted stock units, which aligns his interests with those of shareholders.
- The acquisition of additional phantom units indicates ongoing participation in the company's long-term incentive plans.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitors.
Stakeholder Impact
- Shareholders: The significant equity holdings of a key executive like the CFO align management's interests with those of shareholders, potentially fostering long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Vesting date for 16,672 Employee Stock Options with an exercise price of $43.48. |
| 01/26/2018 | Vesting date for 23,696 Employee Stock Options with an exercise price of $50.10. |
| 01/25/2019 | Vesting date for 21,834 Employee Stock Options with an exercise price of $53.57. |
| 01/24/2020 | Vesting date for 41,208 Employee Stock Options with an exercise price of $45.05. |
| 01/24/2021 | Vesting date for 48,309 Employee Stock Options with an exercise price of $48.35. |
| 01/27/2022 | Vesting date for 38,376 Employee Stock Options with an exercise price of $51.89. |
| 01/24/2023 | Vesting date for 21,997 Employee Stock Options with an exercise price of $72.94. |
| 01/24/2024 | First installment vesting date for 1,292.02 Restricted Stock Units and 22,312 Employee Stock Options with an exercise price of $68.17. |
| 01/26/2025 | First installment vesting date for 2,830.02 Restricted Stock Units and 24,774 Employee Stock Options with an exercise price of $77.72. |
| 06/20/2025 | Transaction date for the acquisition of 172.73 Phantom Units. |
| 06/23/2025 | Date of filing of the SEC Form 4. |
| 01/26/2026 | Expiration date for 1,292.02 Restricted Stock Units. |
| 01/27/2026 | First installment vesting date for 4,335.92 Restricted Stock Units and 24,570 Employee Stock Options with an exercise price of $64.28. |
| 05/17/2026 | Expiration date for 16,672 Employee Stock Options with an exercise price of $43.48. |
| 01/26/2027 | Expiration date for 2,830.02 Restricted Stock Units and 23,696 Employee Stock Options with an exercise price of $50.10. |
| 01/27/2028 | Expiration date for 4,335.92 Restricted Stock Units. |
| 01/25/2028 | Expiration date for 21,834 Employee Stock Options with an exercise price of $53.57. |
| 01/24/2029 | Expiration date for 41,208 Employee Stock Options with an exercise price of $45.05. |
| 01/24/2030 | Expiration date for 48,309 Employee Stock Options with an exercise price of $48.35. |
| 01/27/2031 | Expiration date for 38,376 Employee Stock Options with an exercise price of $51.89. |
| 01/24/2032 | Expiration date for 21,997 Employee Stock Options with an exercise price of $72.94. |
| 01/24/2033 | Expiration date for 22,312 Employee Stock Options with an exercise price of $68.17. |
| 01/26/2034 | Expiration date for 24,774 Employee Stock Options with an exercise price of $77.72. |
| 01/27/2035 | Expiration date for 24,570 Employee Stock Options with an exercise price of $64.28. |
Keywords
H.B. Fuller Co., FUL, SEC Form 4, Insider Trading, Beneficial Ownership, Executive Compensation, Stock Options, Restricted Stock Units, Phantom Units, Corporate Governance
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