Form 4: H.B. Fuller CFO Reports Equity Transactions
Insider Transaction Report
H.B. Fuller's Executive VP and CFO, John J. Corkrean, reported recent acquisitions and dispositions of company stock and new equity grants.
Summary
- Executive VP and CFO John J. Corkrean reported transactions involving H.B. Fuller Co. common stock and derivative securities.
- On January 26, 2026, 1,404 shares of common stock were acquired through the exercise/conversion of restricted stock units at a price of $60.07 per share.
- Concurrently, 431 shares of common stock were disposed of at $60.07 per share to cover tax obligations related to the share issuance.
- Following these transactions, beneficial ownership of common stock stands at 58,509 shares.
- New grants included 39,347 employee stock options with an exercise price of $59.81, vesting in three annual installments starting January 26, 2027, and expiring January 26, 2036.
- Additionally, 5,804 restricted stock units were granted, vesting in three annual installments starting January 26, 2027, and expiring January 26, 2029.
Sentiment
Score: 5
Explanation: The filing is a routine report of insider transactions, including both acquisitions and dispositions of shares and new equity grants, which is neutral in sentiment regarding company performance.
Positives
- Acquisition of 1,404 shares of common stock through the conversion of restricted stock units, increasing direct ownership.
- Grant of 39,347 new employee stock options, aligning executive incentives with shareholder value.
- Grant of 5,804 new restricted stock units, further aligning executive incentives.
Negatives
- Disposition of 431 shares of common stock to cover tax liabilities, reducing direct beneficial ownership.
Next Steps
- Vesting of 39,347 employee stock options in three annual installments beginning January 26, 2027.
- Vesting of 5,804 restricted stock units in three annual installments beginning January 26, 2027.
- Vesting of 24,570 employee stock options in three annual installments beginning January 27, 2026.
- Conversion of phantom units into common stock upon certain termination events or participant selection, subject to holding periods.
Key Dates
| Date | Description |
|---|---|
| 01/26/2018 | Vesting date for 23,696 employee stock options. |
| 01/25/2019 | Vesting date for 21,834 employee stock options. |
| 01/24/2020 | Vesting date for 41,208 employee stock options. |
| 01/24/2021 | Vesting date for 48,309 employee stock options. |
| 01/27/2022 | Vesting date for 38,376 employee stock options. |
| 01/24/2023 | Vesting date for 21,997 employee stock options. |
| 01/24/2024 | Vesting date for 22,312 employee stock options. |
| 01/26/2025 | First vesting installment for 1,404 restricted stock units. |
| 01/26/2026 | Transaction date for common stock acquisition/disposition, RSU conversion, and new equity grants. |
| 01/27/2026 | First vesting installment for 24,570 employee stock options (33%). |
| 01/28/2026 | Signature date of the reporting person's attorney-in-fact. |
| 01/26/2027 | First vesting installment for 39,347 new employee stock options (33%) and 5,804 new restricted stock units (33%). Also, expiration date for 23,696 employee stock options. |
| 01/25/2028 | Expiration date for 21,834 employee stock options. |
| 01/27/2028 | Expiration date for 4,370.58 restricted stock units. |
| 01/24/2029 | Expiration date for 41,208 employee stock options. |
| 01/26/2029 | Expiration date for 5,804 new restricted stock units. |
| 01/24/2030 | Expiration date for 48,309 employee stock options. |
| 01/27/2031 | Expiration date for 38,376 employee stock options. |
| 01/24/2032 | Expiration date for 21,997 employee stock options. |
| 01/24/2033 | Expiration date for 22,312 employee stock options. |
| 01/26/2034 | Expiration date for 24,774 employee stock options. |
| 01/27/2035 | Expiration date for 24,570 employee stock options. |
| 01/26/2036 | Expiration date for 39,347 new employee stock options. |
Keywords
H.B. Fuller, FUL, Insider Trading, Executive Compensation, Stock Options, Restricted Stock Units, Beneficial Ownership, Form 4, Equity Grants
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