Form 4: H.B. Fuller Director Mitau Lee R. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Mitau Lee R. reports changes in beneficial ownership of H.B. Fuller Co. stock, including stock units acquired and disposed of.
Summary
- On August 30, 2024, Director Mitau Lee R. reported changes in beneficial ownership of H.B. Fuller Co. stock.
- The report details the acquisition of 690.23 stock units and the disposal of 50,424.56 stock units, both convertible into common stock.
- The director also indirectly owns 42,671 shares of common stock through a trust.
- A prior transaction in October 2021 involved the withdrawal of 34,949 shares from a grantor retained annuity trust and their contribution to a revocable trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing (Form 4) detailing changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment, but rather provides a snapshot of insider transactions.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors seeking insights into management's confidence in the company's prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the director's holdings and transactions.
- The transactions themselves may have a minor impact on the stock price, depending on the market's interpretation.
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. |
| 08/30/2024 | Date of the reported transaction. |
| 09/04/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.