Form 4: H.B. Fuller Executive Campe Reports Stock and Options Activity
SEC Form 4 Filing
Heather Campe, Sr. VP at H.B. Fuller, reports acquisition of phantom units and adjustments to stock and option holdings.
Summary
- Heather Campe, a Senior Vice President at H.B. Fuller, filed a Form 4 detailing changes in beneficial ownership.
- The report includes the acquisition of 26.67 phantom units on April 1, 2024, which convert into common stock.
- Campe also holds various employee stock options with different exercise prices and expiration dates, as well as restricted stock units that vest over time.
- The report indicates that Campe directly owns 19,738.6822 shares of common stock, including shares acquired through a dividend reinvestment plan.
- The total number of shares underlying derivative securities held by Campe is significant, including 23,696 shares from one employee stock option.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing reflecting standard executive compensation practices. There's no indication of unusual or concerning activity.
Positives
- The acquisition of phantom units suggests continued alignment of the executive's interests with those of the shareholders.
- The vesting schedules of the restricted stock units incentivize long-term performance and retention.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is consistent with standard practices for publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are common across publicly traded companies, particularly in the chemical and manufacturing sectors.
- Companies like Sherwin-Williams and PPG Industries also utilize similar equity-based compensation to align executive interests with shareholder value.
- The vesting schedules and exercise prices of the options are within typical ranges for executive compensation plans.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The equity-based compensation structure aims to align executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 01/26/2018 | Date of employee stock option grant with an exercise price of $50.1 and expiration on 01/26/2027. |
| 01/25/2019 | Date of employee stock option grant with an exercise price of $53.57 and expiration on 01/25/2028. |
| 01/27/2022 | Date of employee stock option grant with an exercise price of $51.89 and expiration on 01/27/2031. |
| 01/24/2023 | Date of employee stock option grant with an exercise price of $72.94 and expiration on 01/24/2032, and restricted stock units vesting in three annual installments beginning on this date. |
| 01/24/2024 | Date of employee stock option grant with an exercise price of $68.17 and expiration on 01/24/2033, and restricted stock units vesting in three annual installments beginning on this date. |
| 01/26/2025 | Date of employee stock option grant with an exercise price of $77.72 and expiration on 01/26/2034, and restricted stock units vesting in three annual installments beginning on this date. |
| 04/01/2024 | Date of transaction involving the acquisition of phantom units. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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