Form 4: H.B. Fuller Director Acquires Stock Units

Director Thomas W. Handley acquired stock units in H.B. Fuller Co. through a deferred compensation plan.

Summary

• Thomas W. Handley, a director at H.B. Fuller Co., acquired 429.18 stock units on November 29, 2024.
• These stock units were acquired through the Directors' Deferred Compensation Plan.
• The units convert into shares of common stock on a 1-for-1 basis upon retirement, death, disability, or other specified events.
• The reported transaction also includes stock units acquired through a dividend equivalent feature of the plan.
• Following the transaction, Mr. Handley beneficially owns 70,478.61 shares of common stock including the stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of stock units by a director demonstrates confidence in the company's future.
• The deferred compensation plan aligns director interests with long-term shareholder value.

Industry Context

This is a routine filing related to director compensation and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Director compensation through stock units is a common practice among publicly traded companies.
• Deferred compensation plans are often used to align director interests with long-term shareholder value, similar to practices at companies like 3M and Ecolab.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with long-term value creation.

Key Dates

Keywords

stock units, director, deferred compensation, beneficial ownership, H.B. Fuller, FUL