Form 4: H.B. Fuller Executive Campe Reports Stock and Derivative Transactions
SEC Form 4
Heather Campe, Sr. VP of International Growth at H.B. Fuller, reports changes in beneficial ownership of company stock and derivative securities.
Summary
- Heather Campe, a Senior Vice President at H.B. Fuller, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- The report includes transactions related to common stock, phantom units, employee stock options, and restricted stock units.
- Campe directly owns 22,316.23 shares of common stock, including shares acquired through a dividend reinvestment plan.
- She also holds various employee stock options with different exercise prices and vesting schedules, covering a total of 64,551 shares.
- Additionally, Campe owns restricted stock units that convert into common stock on a 1-for-1 basis, with vesting schedules over three years.
- The report indicates the acquisition of 40.35 phantom units on April 11, 2025, which convert into common stock upon certain termination events.
- Campe's holdings include 4,493.48 stock units acquired through a dividend equivalent feature.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The executive's continued holding of shares and options suggests a moderately positive outlook.
Positives
- The reporting person's continued holding of a significant number of shares and derivative securities indicates confidence in the company's future.
- The dividend reinvestment plan allows for the accumulation of more shares over time.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedules of stock options and restricted stock units suggest a continued relationship with the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is typical for executives who receive stock options and restricted stock units as part of their compensation.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units.
- Vesting schedules for stock options and restricted stock units are common, typically spanning three to five years.
- Dividend reinvestment plans are a standard feature offered by many companies to encourage long-term stock ownership.
Stakeholder Impact
- Shareholders can use this information to understand the alignment of management's interests with their own.
- Employees may be interested in the details of the stock option and restricted stock unit plans.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Date of employee stock option grant with an exercise price of $53.57, expiring on 01/25/2028. |
| 01/27/2022 | Date of employee stock option grant with an exercise price of $51.89, expiring on 01/27/2031. |
| 01/24/2023 | Date of employee stock option grant with an exercise price of $72.94, expiring on 01/24/2032. |
| 01/24/2024 | Date of employee stock option grant with an exercise price of $68.17, expiring on 01/24/2033, and the start of vesting for restricted stock units expiring on 01/24/2026. |
| 01/26/2025 | Date of employee stock option grant with an exercise price of $77.72, expiring on 01/26/2034, and the start of vesting for restricted stock units expiring on 01/26/2027. |
| 01/27/2026 | Date of employee stock option grant with an exercise price of $64.28, expiring on 01/27/2035, and the start of vesting for restricted stock units expiring on 01/27/2028. |
| 04/11/2025 | Date of the earliest transaction reported, involving the acquisition of phantom units. |
| 04/14/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, beneficial ownership, stock options, restricted stock units, phantom units, dividend reinvestment, H.B. Fuller, securities
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