Form 4: H.B. Fuller CFO's Equity Holdings and Future Vesting Detailed
Insider Ownership Report
H.B. Fuller's Executive VP and CFO, John J. Corkrean, reported significant beneficial ownership and future equity grants, including performance and restricted stock units.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller Co. (FUL), reported his beneficial ownership of company securities.
- Corkrean directly owns 54,646 shares of common stock.
- He was granted 2,943 Performance Stock Units (PSUs) on January 20, 2026, which convert to common stock on a 1-for-1 basis and vest on January 24, 2026.
- The PSU grant reflects H.B. Fuller achieving return on invested capital payout at 80% of the target level.
- Corkrean holds a total of 267,076 Employee Stock Options (Right-to-Buy) with exercise prices ranging from $45.05 to $77.72 and expiration dates between 2027 and 2035.
- He also holds 28,248.05 Phantom Units, which convert to common stock 1-for-1 upon certain termination events or participant selection, including a dividend equivalent feature.
- Additionally, Corkrean holds 8,525.57 Restricted Stock Units (RSUs) across multiple grants, which vest in three annual installments starting from their respective grant dates and include a dividend equivalent reinvestment feature.
Sentiment
Score: 7
Explanation: The filing indicates strong alignment between executive compensation and company performance through various equity incentives, including performance-based units. The achievement of 80% of the ROIC target for PSU payout is a positive indicator.
Positives
- The Executive VP and CFO holds a substantial amount of company equity, including common stock, stock options, performance units, phantom units, and restricted stock units, indicating strong alignment with shareholder interests.
- The grant of 2,943 Performance Stock Units signifies that H.B. Fuller achieved 80% of its target Return on Invested Capital (ROIC) payout, reflecting positive operational performance in that metric.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The significant equity holdings and performance-based compensation for the Executive VP and CFO align his interests with those of shareholders, potentially encouraging long-term value creation.
- Employees: The structure of equity compensation, including stock options and restricted stock units, is part of the company's overall compensation strategy for key executives.
Key Dates
| Date | Description |
|---|---|
| 01/26/2018 | Grant date for Employee Stock Option with exercise price $50.1, 100% vested, expiring 01/26/2027. |
| 01/25/2019 | Grant date for Employee Stock Option with exercise price $53.57, 100% vested, expiring 01/25/2028. |
| 01/24/2020 | Grant date for Employee Stock Option with exercise price $45.05, 100% vested, expiring 01/24/2029. |
| 01/24/2021 | Grant date for Employee Stock Option with exercise price $48.35, 100% vested, expiring 01/24/2030. |
| 01/27/2022 | Grant date for Employee Stock Option with exercise price $51.89, 100% vested, expiring 01/27/2031. |
| 01/24/2023 | Grant date for Employee Stock Option with exercise price $72.94, 100% vested, expiring 01/24/2032. |
| 01/24/2024 | First vesting installment date for Employee Stock Option with exercise price $68.17, expiring 01/24/2033. Also, first vesting installment date for Restricted Stock Units expiring 01/24/2026. |
| 01/26/2025 | First vesting installment date for Employee Stock Option with exercise price $77.72, expiring 01/26/2034. Also, first vesting installment date for Restricted Stock Units expiring 01/26/2027. |
| 01/20/2026 | Date of earliest transaction reported, related to Performance Stock Units acquisition. |
| 01/24/2026 | Vesting date for 2,943 Performance Stock Units. Also, expiration date for a tranche of Restricted Stock Units. |
| 01/27/2026 | First vesting installment date for Employee Stock Option with exercise price $64.28, expiring 01/27/2035. Also, first vesting installment date for Restricted Stock Units expiring 01/27/2028. |
Keywords
H.B. Fuller, FUL, Insider Ownership, Executive Compensation, Stock Options, Performance Stock Units, Restricted Stock Units, Phantom Units, Beneficial Ownership, CFO
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