Form 4: H.B. Fuller Co. Executive Reports Stock Transaction
SEC Form 4 Filing
Nathan D. Weaver, Sr. VP of Human Resources at H.B. Fuller Co., reports the disposition of 767 shares of common stock due to a gift, while maintaining ownership of various stock options and restricted stock units.
Summary
- On April 3, 2024, Nathan D. Weaver, Sr. VP of Human Resources at H.B. Fuller Co., reported a transaction involving the company's stock.
- Weaver disposed of 767 shares of common stock as a gift.
- The transaction was reported on Form 4, filed with the SEC.
- Following the reported transaction, Weaver beneficially owns 4,802.7695 shares of common stock.
- Weaver also holds various employee stock options with exercise prices ranging from $26.66 to $77.72 and expiration dates between 2025 and 2034.
- Additionally, Weaver owns phantom units and restricted stock units that convert into shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency and compliance with SEC regulations.
- Companies like 3M (MMM), Dow (DOW), and DuPont (DD) also have executives who regularly file Form 4s to report their stock transactions.
- The vesting schedules and terms of the stock options and restricted stock units are typical for executive compensation packages in similar industries.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders.
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/19/2017 | Date of employee stock option grant with an exercise price of $33.38 and expiration date of 01/19/2026. |
| 01/26/2018 | Date of employee stock option grant with an exercise price of $50.1 and expiration date of 01/26/2027. |
| 01/25/2019 | Date of employee stock option grant with an exercise price of $53.57 and expiration date of 01/25/2028. |
| 01/24/2020 | Date of employee stock option grant with an exercise price of $45.05 and expiration date of 01/24/2029. |
| 04/02/2021 | Date of employee stock option grant with an exercise price of $26.66 and expiration date of 04/02/2030. |
| 01/24/2021 | Date of employee stock option grant with an exercise price of $48.35 and expiration date of 01/24/2030. |
| 01/27/2022 | Date of employee stock option grant with an exercise price of $51.89 and expiration date of 01/27/2031. |
| 01/24/2023 | Date of employee stock option grant with an exercise price of $72.94 and expiration date of 01/24/2032. |
| 01/24/2023 | Date of restricted stock unit grant that vests in three annual installments beginning on this date and expiring on 01/24/2025. |
| 01/24/2024 | Date of employee stock option grant with an exercise price of $68.17 and expiration date of 01/24/2033. |
| 01/24/2024 | Date of restricted stock unit grant that vests in three annual installments beginning on this date and expiring on 01/24/2026. |
| 01/26/2025 | Date of employee stock option grant with an exercise price of $77.72 and expiration date of 01/26/2034. |
| 01/26/2025 | Date of restricted stock unit grant that vests in three annual installments beginning on this date and expiring on 01/26/2027. |
| 04/03/2024 | Date of the reported transaction where 767 shares of common stock were disposed of as a gift. |
| 04/05/2024 | Date of signature for the Form 4 filing. |
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