Form 4: H.B. Fuller Executive Campe Reports Stock Transactions
SEC Form 4
Heather Campe, Sr. VP of International Growth at H.B. Fuller, reports acquisition of phantom units and adjustments to stock holdings.
Summary
- Heather Campe, a Senior Vice President at H.B. Fuller, filed a Form 4 detailing changes in beneficial ownership of company stock.
- The reported transactions include the acquisition of phantom units that convert into common stock, adjustments to existing stock holdings, and information on employee stock options and restricted stock units.
- As of March 1, 2024, Campe directly owns 19,738.6822 shares of common stock, which includes shares acquired through a dividend reinvestment plan.
- Campe also holds various employee stock options with exercise prices ranging from $50.1 to $77.72 and expiration dates between 2027 and 2034.
- Additionally, Campe possesses restricted stock units that convert into common stock, vesting in annual installments, with vesting start dates in January 2023, 2024 and 2025.
- The filing also indicates the acquisition of 26.47 phantom units at a price of $79.53 on March 1, 2024.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing (Form 4) detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Comparing H.B. Fuller's executive compensation structure with companies like 3M (MMM) or Avery Dennison (AVY) reveals similar use of stock options and restricted stock units to align management incentives with shareholder value.
- The vesting schedules for stock options and restricted stock units are typical, often spanning three to four years to encourage long-term commitment.
- Dividend reinvestment plans are a common feature, allowing shareholders, including executives, to increase their holdings efficiently.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- Employees holding stock options and restricted stock units are directly impacted by the vesting schedules and stock price performance.
Key Dates
| Date | Description |
|---|---|
| 01/26/2018 | Date of employee stock option grant with exercise price of $50.1 and expiration on 01/26/2027 (100% vested). |
| 01/25/2019 | Date of employee stock option grant with exercise price of $53.57 and expiration on 01/25/2028 (100% vested). |
| 01/27/2022 | Date of employee stock option grant with exercise price of $51.89 and expiration on 01/27/2031 (100% vested). |
| 01/24/2023 | Date of employee stock option grant with exercise price of $72.94 and expiration on 01/24/2032 (vests in three annual installments). |
| 01/24/2023 | Date of restricted stock unit grant vesting in three annual installments, expiring 01/24/2025. |
| 01/24/2024 | Date of employee stock option grant with exercise price of $68.17 and expiration on 01/24/2033 (vests in three annual installments). |
| 01/24/2024 | Date of restricted stock unit grant vesting in three annual installments, expiring 01/24/2026. |
| 01/26/2025 | Date of employee stock option grant with exercise price of $77.72 and expiration on 01/26/2034 (vests in three annual installments). |
| 01/26/2025 | Date of restricted stock unit grant vesting in three annual installments, expiring 01/26/2027. |
| 03/01/2024 | Date of earliest transaction reported: acquisition of phantom units. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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.