Form 4: H.B. Fuller Director Lee R. Mitau Reports Changes in Beneficial Ownership

Director Lee R. Mitau reports changes in beneficial ownership of H.B. Fuller (FUL) stock, including stock units acquired and disposed of, as well as shares held in trust.

Summary

• Lee R. Mitau, a director of H.B. Fuller Co. (FUL), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates that Mitau holds 42,671 shares of common stock indirectly through a trust.
• Mitau acquired 742.5 stock units on May 31, 2024, which will convert into common stock upon retirement, death, disability, or certain specified events.
• Mitau also disposed of 50,282.92 stock units.
• The reporting person withdrew a total of 34,949 shares of H.B. Fuller common stock from a grantor retained annuity trust established for the benefit of himself, his adult children and their descendants.
• In exchange for the shares, the reporting person contributed to the trust bonds and cash in the principal amount of $2,391,161.39.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates