Form 4: H.B. Fuller CFO Reports Routine Stock Transactions
Insider Transaction Report
H.B. Fuller's Executive VP and CFO, John J. Corkrean, reported the conversion of restricted stock units into common stock and subsequent tax-related share withholding.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller Co. (FUL), reported transactions on January 27, 2026.
- 1,441 Restricted Stock Units (RSUs) were converted into common stock at a price of $59.81 per share.
- 442 shares of common stock were disposed of to cover tax obligations related to the RSU conversion, also at $59.81 per share.
- Following these transactions, Mr. Corkrean beneficially owns 59,508 shares of common stock directly.
- The filing also details various beneficially owned derivative securities, including multiple tranches of employee stock options with strike prices ranging from $45.05 to $77.72, and additional Restricted Stock Units and Phantom Units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, reflecting the routine vesting of executive compensation, which is a standard practice for employee retention and alignment of interests, without indicating new operational or financial performance.
Positives
- The conversion of Restricted Stock Units into common stock indicates the vesting of previously granted executive compensation, aligning management's interests with shareholders.
- The continued beneficial ownership of a significant number of shares (59,508 common shares, plus various options and units) by a key executive demonstrates ongoing commitment to the company.
Negatives
- The disposition of 442 shares for tax withholding is a standard event associated with RSU vesting and is not indicative of a negative outlook on the company.
Future Outlook
N/A
Industry Context
StockSavvy.ai notes that this Form 4 filing details routine executive compensation transactions, which are common across industries for retaining and incentivizing key management by aligning their financial interests with the company's performance.
Stakeholder Impact
- Shareholders: Provides transparency into executive compensation and ownership, confirming that a key executive's interests remain aligned with the company's stock performance.
- Employees: Reflects standard executive compensation practices, which can serve as a benchmark for other employees' equity plans.
Next Steps
- Future vesting of remaining Restricted Stock Units on January 26, 2025, January 27, 2026, and January 26, 2027.
- Future vesting of various Employee Stock Options on January 26, 2025, January 27, 2026, and January 26, 2027.
- Expiration of various Employee Stock Options and Restricted Stock Units on their respective dates through January 26, 2036.
Key Dates
| Date | Description |
|---|---|
| 01/26/2018 | Employee Stock Option (23,696 shares at $50.10 strike price) became 100% vested. |
| 01/25/2019 | Employee Stock Option (21,834 shares at $53.57 strike price) became 100% vested. |
| 01/24/2020 | Employee Stock Option (41,208 shares at $45.05 strike price) became 100% vested. |
| 01/24/2021 | Employee Stock Option (48,309 shares at $48.35 strike price) became 100% vested. |
| 01/27/2022 | Employee Stock Option (38,376 shares at $51.89 strike price) became 100% vested. |
| 01/24/2023 | Employee Stock Option (21,997 shares at $72.94 strike price) became 100% vested. |
| 01/24/2024 | Employee Stock Option (22,312 shares at $68.17 strike price) became 100% vested. |
| 01/26/2025 | Restricted Stock Units (1,448.64 units) began vesting in three annual installments; Employee Stock Option (24,774 shares at $77.72 strike price) began vesting in three annual installments. |
| 01/27/2026 | Transaction date for the conversion of 1,441 Restricted Stock Units to common stock and subsequent tax withholding; Restricted Stock Units (2,929.58 units) began vesting in three annual installments; Employee Stock Option (24,570 shares at $64.28 strike price) began vesting in three annual installments. |
| 01/26/2027 | Restricted Stock Units (5,804 units) began vesting in three annual installments; Employee Stock Option (39,347 shares at $59.81 strike price) began vesting in three annual installments; Employee Stock Option (23,696 shares) expiration date. |
| 01/25/2028 | Employee Stock Option (21,834 shares) expiration date. |
| 01/27/2028 | Restricted Stock Units (1,441 units) expiration date. |
| 01/24/2029 | Employee Stock Option (41,208 shares) expiration date. |
| 01/26/2029 | Restricted Stock Units (5,804 units) expiration date. |
| 01/24/2030 | Employee Stock Option (48,309 shares) expiration date. |
| 01/27/2031 | Employee Stock Option (38,376 shares) expiration date. |
| 01/24/2032 | Employee Stock Option (21,997 shares) expiration date. |
| 01/24/2033 | Employee Stock Option (22,312 shares) expiration date. |
| 01/26/2034 | Employee Stock Option (24,774 shares) expiration date. |
| 01/27/2035 | Employee Stock Option (24,570 shares) expiration date. |
| 01/26/2036 | Employee Stock Option (39,347 shares) expiration date. |
Recommendation
holdThis Form 4 filing details routine executive compensation transactions, specifically the vesting of restricted stock units and subsequent tax withholding. It does not provide new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation.
Keywords
H.B. Fuller, FUL, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Stock Options, CFO, Equity Compensation
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