Form 4: H.B. Fuller Co. Executive Campe Heather Reports Changes in Beneficial Ownership
SEC Form 4
Senior VP of International Growth, Heather Campe, reports acquisition of phantom units and restricted stock units, along with adjustments to stock options and common stock holdings due to dividend reinvestment and dividend equivalents.
Summary
- Heather Campe, Sr. VP of International Growth at H.B. Fuller Co., filed a Form 4 detailing changes in beneficial ownership.
- The report includes the acquisition of 39.59 phantom units that convert into common stock.
- It also mentions the holding of 22,316.23 shares of common stock, including shares acquired through a dividend reinvestment plan.
- Campe holds multiple employee stock options with varying exercise prices and vesting schedules.
- She also holds restricted stock units that convert into common stock, with vesting in three annual installments.
- The report details the number of derivative securities beneficially owned following reported transactions.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports transactions without expressing any positive or negative outlook.
Positives
- Acquisition of phantom units indicates potential future increase in common stock holdings.
- Dividend reinvestment plan contributes to increased common stock ownership.
- Holding vested and unvested stock options aligns executive interests with company performance.
- Restricted stock units provide additional equity-based compensation with vesting schedules.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are common practice among publicly traded companies like H.B. Fuller to incentivize performance and retain key personnel.
- Companies such as 3M, Dow, and Sherwin-Williams also utilize similar equity-based compensation strategies for their executives.
- The vesting schedules and exercise prices of the options are typical for executive compensation plans.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- It assures stakeholders that executives have a vested interest in the company's success through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Employee Stock Option (Right-to-Buy) $ 53.57 |
| 01/27/2022 | Employee Stock Option (Right-to-Buy) $ 51.89 |
| 01/24/2023 | Employee Stock Option (Right-to-Buy) $ 72.94 |
| 01/24/2024 | Restricted Stock Units vest beginning |
| 01/24/2024 | Employee Stock Option (Right-to-Buy) $ 68.17 |
| 01/26/2025 | Restricted Stock Units vest beginning |
| 01/26/2025 | Employee Stock Option (Right-to-Buy) $ 77.72 |
| 01/27/2026 | Restricted Stock Units vest beginning |
| 01/27/2026 | Employee Stock Option (Right-to-Buy) $ 64.28 |
| 03/28/2025 | Date of Earliest Transaction |
| 03/28/2025 | Acquisition of Phantom Units |
| 01/25/2028 | Expiration of Employee Stock Option (Right-to-Buy) $ 53.57 |
| 01/24/2032 | Expiration of Employee Stock Option (Right-to-Buy) $ 72.94 |
| 01/24/2033 | Expiration of Employee Stock Option (Right-to-Buy) $ 68.17 |
| 01/26/2034 | Expiration of Employee Stock Option (Right-to-Buy) $ 77.72 |
| 01/27/2031 | Expiration of Employee Stock Option (Right-to-Buy) $ 51.89 |
| 01/27/2035 | Expiration of Employee Stock Option (Right-to-Buy) $ 64.28 |
Keywords
Form 4, beneficial ownership, H.B. Fuller, stock options, restricted stock units, dividend reinvestment, phantom units, equity compensation
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