Form 4: H.B. Fuller Director Lee R. Mitau Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Lee R. Mitau reports changes in beneficial ownership of H.B. Fuller Co. stock, including transactions involving a trust and stock units.
Summary
- Lee R. Mitau, a director of H.B. Fuller Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On October 20 and 27, 2021, Mitau withdrew 34,949 shares from a grantor retained annuity trust and contributed bonds and cash worth $2,391,161.39 to the trust.
- This withdrawal and subsequent contribution into a revocable trust is considered a change in the form of beneficial ownership.
- Mitau also reported acquiring 743.43 stock units on March 1, 2024, which will convert into common stock upon retirement, death, disability, or other specified events.
- He also reported 50,141.95 stock units acquired before 12-31-04 that will be converted into shares of common stock upon retirement, death, disability or certain specified events.
- Mitau directly owns 42,671 shares of common stock through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider trading and holdings, and doesn't necessarily reflect broader industry trends.
Key Dates
| Date | Description |
|---|---|
| 08/08/1988 | Date associated with stock units acquired before 12-31-04. |
| 12/31/2004 | Date before which some stock units were acquired. |
| 10/20/2021 | Date of withdrawal of H.B. Fuller common stock from a grantor retained annuity trust. |
| 10/27/2021 | Date of withdrawal of H.B. Fuller common stock from a grantor retained annuity trust. |
| 03/01/2024 | Date of the transaction involving stock units. |
| 03/04/2024 | Date of signature on the Form 4. |
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