Form 4: H.B. Fuller Co. Executive Heather Campe Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Heather Campe, Sr. VP of International Growth at H.B. Fuller Co., reports changes in beneficial ownership of company stock and derivative securities.
Summary
- Heather Campe, a Senior Vice President at H.B. Fuller Co., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- The report includes transactions related to common stock, phantom units, employee stock options, and restricted stock units.
- Campe directly owns 19,741.79 shares of common stock, which includes shares acquired through a dividend reinvestment plan.
- She also holds various employee stock options with different exercise prices and vesting schedules, totaling 73,648 options.
- Additionally, Campe owns restricted stock units that convert into common stock on a 1-for-1 basis, with vesting schedules over three years.
- The reported transactions include the acquisition of 24.57 phantom units on August 30, 2024, which convert into common stock upon certain termination events.
- The report was filed on September 4, 2024, by Debra L. Hovland, Attorney-in-Fact.
Sentiment
Score: 6
Explanation: The document is neutral in sentiment as it simply reports transactions. The executive's continued holding of shares and options is a mildly positive signal.
Positives
- The reporting person's continued holding of a significant number of shares and options indicates confidence in the company's future.
- Dividend reinvestment suggests a long-term investment strategy.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedules of stock options and restricted stock units suggest a continued commitment to the company.
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.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are common in publicly traded companies like H.B. Fuller to incentivize performance and retain key personnel.
- Companies like 3M, Dow, and DuPont also utilize similar equity-based compensation strategies for their executives.
- The vesting schedules and exercise prices of the options are typical for the industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- It assures stakeholders that the executive's interests are aligned with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Date of employee stock option grant with an exercise price of $53.57, vesting on 01/25/2028. |
| 01/27/2022 | Date of employee stock option grant with an exercise price of $51.89, vesting on 01/27/2031. |
| 01/24/2023 | Date of restricted stock unit grant, vesting in three annual installments beginning on this date and employee stock option grant with an exercise price of $72.94, vesting on 01/24/2032. |
| 01/24/2024 | Date of restricted stock unit grant, vesting in three annual installments beginning on this date and employee stock option grant with an exercise price of $68.17, vesting on 01/24/2033. |
| 01/26/2025 | Date of restricted stock unit grant, vesting in three annual installments beginning on this date and employee stock option grant with an exercise price of $77.72, vesting on 01/26/2034. |
| 08/30/2024 | Date of the transaction involving the acquisition of phantom units. |
| 09/04/2024 | Date the Form 4 was filed. |
| 01/24/2025 | Vesting date for restricted stock units granted on 01/24/2023. |
| 01/24/2026 | Vesting date for restricted stock units granted on 01/24/2024. |
| 01/26/2027 | Vesting date for restricted stock units granted on 01/26/2025. |
| 01/25/2028 | Expiration date for employee stock options granted on 01/25/2019. |
| 01/27/2031 | Expiration date for employee stock options granted on 01/27/2022. |
| 01/24/2032 | Expiration date for employee stock options granted on 01/24/2023. |
| 01/24/2033 | Expiration date for employee stock options granted on 01/24/2024. |
| 01/26/2034 | Expiration date for employee stock options granted on 01/26/2025. |
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