Form 4: H.B. Fuller Co. Executive Campe Reports Acquisition of Phantom Units and Stock Options
SEC Form 4 Filing
Heather Campe, Sr. VP of International Growth at H.B. Fuller Co., reports the acquisition of phantom units and details stock options in a recent SEC filing.
Summary
- Heather Campe, a Senior Vice President at H.B. Fuller Co., filed a Form 4 with the SEC.
- The filing details changes in her beneficial ownership of company securities.
- Campe acquired 28.14 phantom units on October 25, 2024, which convert to common stock.
- She also holds various employee stock options with different exercise prices and vesting schedules.
- The filing also notes holdings of restricted stock units that convert into shares of common stock on a 1-for-1 basis.
- The report includes shares acquired through a dividend reinvestment plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing detailing stock ownership. The acquisition of phantom units and stock options is generally a positive sign, but it's not a major event.
Positives
- The acquisition of phantom units and stock options suggests confidence in the company's future performance.
- The dividend reinvestment plan allows for increased ownership over time.
Future Outlook
The document does not contain explicit forward-looking statements, but the vesting schedules of stock options and restricted stock units suggest a long-term commitment from the executive.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- Employees holding similar stock options and restricted stock units may be interested in the vesting schedules and conversion terms.
Key Dates
| Date | Description |
|---|---|
| 12-31-04 | Date after which phantom units convert into shares of common stock on a 1-for-1 basis. |
| 01/25/2019 | Date of employee stock option grant with an exercise price of $53.57, expiring on 01/25/2028. |
| 01/27/2022 | Date of employee stock option grant with an exercise price of $51.89, expiring on 01/27/2031. |
| 01/24/2023 | Date of employee stock option grant with an exercise price of $72.94, expiring on 01/24/2032 and restricted stock units vesting in three annual installments beginning on this date and expiring 01/24/2025. |
| 01/24/2024 | Date of employee stock option grant with an exercise price of $68.17, expiring on 01/24/2033 and restricted stock units vesting in three annual installments beginning on this date and expiring 01/24/2026. |
| 01/26/2025 | Date of employee stock option grant with an exercise price of $77.72, expiring on 01/26/2034 and restricted stock units vesting in three annual installments beginning on this date and expiring 01/26/2027. |
| 10/25/2024 | Date of the transaction involving the acquisition of phantom units. |
| 10/29/2024 | Date of signature on the Form 4 filing. |
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