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., filed a Form 4 detailing transactions involving common stock, phantom units, employee stock options, and restricted stock units.
Summary
- Heather Campe, a Senior Vice President at H.B. Fuller Co., reported 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 22,316.23 shares of common stock, which includes shares acquired through a dividend reinvestment plan.
- She also holds 4,572.97 phantom units, which convert into common stock on a 1-for-1 basis.
- Campe possesses multiple employee stock options with varying exercise prices and expiration dates, totaling 84,459 shares.
- She also holds restricted stock units that convert into common stock on a 1-for-1 basis, totaling 4,652.01 units.
- Some of the stock options vest in annual installments.
- Some of the restricted stock units vest in annual installments.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and insider trading reporting, suggesting a neutral to slightly positive sentiment due to alignment of executive interests with shareholders.
Positives
- The reporting person's holdings include shares acquired through a dividend reinvestment plan, indicating confidence in the company's performance.
- The executive holds a significant number of stock options, aligning her interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is typical for executives who receive stock options and restricted stock units as part of their compensation.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with shareholders, a common practice among publicly traded companies like H.B. Fuller.
- The vesting schedules for stock options and restricted stock units (typically over 3 years) are standard in the industry, similar to companies like 3M and Ecolab.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- The executive's stock ownership aligns her interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 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. |
| 01/24/2024 | Date of employee stock option grant with an exercise price of $68.17, expiring on 01/24/2033, and the start of vesting for restricted stock units expiring on 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 the start of vesting for restricted stock units expiring on 01/26/2027. |
| 01/27/2026 | Date of employee stock option grant with an exercise price of $64.28, expiring on 01/27/2035, and the start of vesting for restricted stock units expiring on 01/27/2028. |
| 05/09/2025 | Date of the earliest transaction reported and acquisition of phantom units. |
| 05/12/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, beneficial ownership, H.B. Fuller, stock options, restricted stock units, phantom units, dividend reinvestment
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