Form 4: H.B. Fuller Exec Reports Future Equity Holdings
Statement of Changes in Beneficial Ownership
H.B. Fuller's Sr. VP, International Growth, Heather Campe, filed a Form 4 detailing her beneficial ownership of common stock, phantom units, stock options, and restricted stock units, including future vesting events.
Summary
- Heather Campe, Sr. VP, International Growth at H.B. Fuller Co. (FUL), reported her beneficial ownership of company securities.
- As of the filing, she directly owns 22,316.23 shares of common stock, which includes shares acquired through a dividend reinvestment plan.
- On August 15, 2025, she acquired 36.77 phantom units at an underlying common stock price of $58.97, bringing her total phantom units to 4,856.65.
- Phantom units convert to common stock on a 1-for-1 basis upon certain termination events or participant selection, subject to holding periods, and include a dividend equivalent feature.
- She holds various employee stock options with exercise prices ranging from $51.89 to $77.72, totaling 84,479 shares, with some fully vested and others vesting in annual installments.
- She also holds restricted stock units (RSUs) totaling 3,667.04 units, which convert to common stock 1-for-1 and vest in annual installments, including dividend equivalent reinvestment.
Sentiment
Score: 5
Explanation: This is a standard Form 4 filing disclosing insider beneficial ownership and equity compensation, which is a neutral event in itself.
Positives
- Executive's significant equity holdings align interests with shareholders.
- Acquisition of phantom units indicates ongoing participation in equity compensation plans.
- Vesting schedules for options and RSUs provide long-term incentives for management.
Negatives
- No direct negative financial or operational information is disclosed in this Form 4.
Risks
- NA
Future Outlook
The filing details future vesting schedules for various employee stock options and restricted stock units, indicating a long-term incentive structure for the reporting executive. Phantom units are also subject to future conversion based on specific events or participant selection.
Industry Context
This Form 4 filing is a standard disclosure of insider equity holdings and compensation, common across publicly traded companies, reflecting typical executive incentive structures.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Sr. VP, International Growth | NA | Heather Campe | NA | NA (This filing reports current role, not a change) |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA (The filing details standard equity compensation, not specific related party dealings outside of this context.)
Stakeholder Impact
- Shareholders: The executive's significant equity holdings align her interests with those of the shareholders, potentially fostering long-term value creation.
Next Steps
- Phantom units will convert to common stock upon the earlier of certain termination events or participant selection, subject to holding periods.
- Employee stock options will continue to vest in annual installments for certain grants.
- Restricted stock units will continue to vest in annual installments.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Employee Stock Option (Right-to-Buy) vesting start date. |
| 01/27/2022 | Employee Stock Option (Right-to-Buy) vesting start date. |
| 01/24/2023 | Employee Stock Option (Right-to-Buy) vesting start date. |
| 01/24/2024 | Employee Stock Option (Right-to-Buy) vesting start date; Restricted Stock Units vesting start date. |
| 01/26/2025 | Employee Stock Option (Right-to-Buy) vesting start date; Restricted Stock Units vesting start date. |
| 08/15/2025 | Date of earliest transaction (acquisition of phantom units). |
| 08/18/2025 | Signature date of reporting person. |
| 01/24/2026 | Restricted Stock Units expiration date. |
| 01/27/2026 | Employee Stock Option (Right-to-Buy) vesting start date; Restricted Stock Units vesting start date. |
| 01/26/2027 | Restricted Stock Units expiration date. |
| 01/27/2028 | Restricted Stock Units expiration date. |
| 01/25/2028 | Employee Stock Option (Right-to-Buy) expiration date. |
| 01/27/2031 | Employee Stock Option (Right-to-Buy) expiration date. |
| 01/24/2032 | Employee Stock Option (Right-to-Buy) expiration date. |
| 01/24/2033 | Employee Stock Option (Right-to-Buy) expiration date. |
| 01/26/2034 | Employee Stock Option (Right-to-Buy) expiration date. |
| 01/27/2035 | Employee Stock Option (Right-to-Buy) expiration date. |
Keywords
H.B. Fuller, FUL, SEC Form 4, beneficial ownership, equity compensation, stock options, restricted stock units, phantom units, executive compensation, insider holdings
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