Form 4: H.B. Fuller CFO Reports Phantom Unit Acquisition
Statement of Changes in Beneficial Ownership
H.B. Fuller's Executive VP and CFO, John J. Corkrean, reported the acquisition of 154.39 phantom units and updated his beneficial ownership of common stock, options, and restricted stock units.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller Co. (FUL), filed a Form 4 detailing his beneficial ownership of company securities.
- The filing reports the acquisition of 154.39 phantom units on August 29, 2025, pursuant to a Rule 10b5-1 plan.
- These phantom units convert into common stock on a 1-for-1 basis and were valued at $61.05 per unit for the transaction.
- Following this transaction, Corkrean beneficially owns 26,456.72 phantom units, which include units acquired via a dividend equivalent feature.
- He also directly owns 52,196 shares of common stock.
- The filing details various employee stock options, with exercise prices ranging from $43.48 to $77.72, and expiration dates between May 17, 2026, and January 27, 2035. The total shares underlying these options amount to 283,748.
- Additionally, Corkrean holds restricted stock units totaling 8,491.26 units, which convert to common stock on a 1-for-1 basis and include units from dividend equivalent reinvestment. These RSUs vest in three annual installments.
Sentiment
Score: 5
Explanation: The filing is a standard Form 4 reporting executive beneficial ownership and a scheduled acquisition of phantom units, which is a neutral event in terms of company performance or strategic direction.
Positives
- The acquisition of 154.39 phantom units indicates continued equity participation by a key executive, aligning management interests with shareholders.
- Significant holdings of common stock, phantom units, stock options, and restricted stock units demonstrate a substantial vested interest in the company's long-term performance.
Risks
- The value of the reported equity holdings (common stock, phantom units, options, RSUs) is subject to market fluctuations of H.B. Fuller Co. common stock.
- Unvested options and restricted stock units represent future potential value but are contingent on continued employment and the company's performance.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency into executive equity ownership, demonstrating alignment of interests between management and shareholders.
- Employees: Reflects standard executive compensation practices, which may influence employee perception of fairness and incentives within the company.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Grant/vesting date for employee stock option with $43.48 exercise price. |
| 01/26/2018 | Grant/vesting date for employee stock option with $50.10 exercise price. |
| 01/25/2019 | Grant/vesting date for employee stock option with $53.57 exercise price. |
| 01/24/2020 | Grant/vesting date for employee stock option with $45.05 exercise price. |
| 01/24/2021 | Grant/vesting date for employee stock option with $48.35 exercise price. |
| 01/27/2022 | Grant/vesting date for employee stock option with $51.89 exercise price. |
| 01/24/2023 | Grant/vesting date for employee stock option with $72.94 exercise price. |
| 01/24/2024 | First installment vesting date for employee stock option with $68.17 exercise price; Vesting start date for 1,297.11 Restricted Stock Units. |
| 01/26/2025 | First installment vesting date for employee stock option with $77.72 exercise price; Vesting start date for 2,841.16 Restricted Stock Units. |
| 08/29/2025 | Acquisition of 154.39 Phantom Units. |
| 09/02/2025 | Signature Date of Reporting Person. |
| 01/24/2026 | Expiration date for 1,297.11 Restricted Stock Units. |
| 01/27/2026 | First installment vesting date for employee stock option with $64.28 exercise price; Vesting start date for 4,352.99 Restricted Stock Units. |
| 05/17/2026 | Expiration date for employee stock option with $43.48 exercise price. |
| 01/26/2027 | Expiration date for 2,841.16 Restricted Stock Units; Expiration date for employee stock option with $50.10 exercise price. |
| 01/25/2028 | Expiration date for employee stock option with $53.57 exercise price. |
| 01/27/2028 | Expiration date for 4,352.99 Restricted Stock Units. |
| 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. |
Recommendation
holdA Form 4 filing primarily provides transparency into an executive's equity holdings and compensation-related transactions. While it shows continued executive alignment with shareholder interests through equity ownership, it does not contain sufficient information regarding the company's financial performance, strategic outlook, or market conditions to warrant a 'buy' or 'sell' recommendation. Therefore, a 'hold' recommendation is appropriate, pending further fundamental analysis.
Keywords
H.B. Fuller Co., FUL, John J Corkrean, Form 4, SEC filing, insider trading, beneficial ownership, phantom units, stock options, restricted stock units, executive compensation, equity holdings
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.