Form 4: H.B. Fuller Executive Discloses Equity Holdings
Insider Ownership Report
H.B. Fuller's Sr. VP, International Growth, Heather Campe, filed an SEC Form 4 detailing her beneficial ownership of company stock, options, and restricted stock units.
Summary
- Heather Campe, Sr. VP, International Growth at H.B. Fuller Co. (FUL), reported her beneficial ownership of company securities.
- Holdings include 24,653.0782 shares of Common Stock, which incorporates shares acquired through a dividend reinvestment plan.
- Derivative securities include 5,419.58 Phantom Units, which convert to common stock on a 1-for-1 basis upon certain termination events or participant selection, and include dividend equivalent features.
- A total of 99,656 Employee Stock Options (Right-to-Buy) are held with various exercise prices and expiration dates, some fully vested and others vesting in annual installments.
- A total of 4,125.74 Restricted Stock Units (RSUs) are held, converting to common stock on a 1-for-1 basis and vesting in annual installments, including dividend equivalent reinvestment features.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a moderately positive filing, reflecting an executive's continued and substantial equity alignment with the company through various compensation instruments, which is generally favorable for corporate governance and long-term shareholder value.
Positives
- Continued significant equity holdings by a senior executive align management interests with shareholder value.
- The acquisition of 33.9 Phantom Units on February 27, 2026, indicates ongoing incentive compensation.
Future Outlook
The filing indicates future vesting events for various stock options and restricted stock units, with vesting dates extending through January 2027 and expiration dates as late as January 2036. Phantom units will convert to common stock upon the earlier of certain termination events or participant selection.
Industry Context
StockSavvy.ai notes that routine Form 4 filings, such as this one, are common for executives receiving equity-based compensation. They provide transparency into insider holdings but typically do not reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: The filing provides transparency into a senior executive's equity holdings, demonstrating alignment of interests with long-term company performance.
- Employees: The equity compensation structure for executives can serve as a model or incentive for other employees.
Next Steps
- Vesting of Employee Stock Options in three annual installments (33%, 33%, and 34%) beginning on their respective vesting dates.
- Vesting of Restricted Stock Units in three annual installments (33%, 33%, and 34%) beginning on their respective vesting dates.
- Conversion of Phantom Units into shares of common stock upon the earlier of certain termination events or participant selection.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Grant date for Employee Stock Option (Right-to-Buy) for 21,834 shares, 100% vested. |
| 01/27/2022 | Grant date for Employee Stock Option (Right-to-Buy) for 19,520 shares, 100% vested. |
| 01/24/2023 | Grant date for Employee Stock Option (Right-to-Buy) for 11,636 shares, 100% vested. |
| 01/24/2024 | Grant date for Employee Stock Option (Right-to-Buy) for 10,730 shares, 100% vested. |
| 01/26/2025 | Vesting start date for Employee Stock Option (Right-to-Buy) for 9,928 shares; Vesting start date for Restricted Stock Units for 582.82 units. |
| 01/27/2026 | Vesting start date for Employee Stock Option (Right-to-Buy) for 10,831 shares; Vesting start date for Restricted Stock Units for 1,296.86 units. |
| 02/27/2026 | Transaction date for acquisition of 33.9 Phantom Units. |
| 01/26/2027 | Vesting start date for Employee Stock Option (Right-to-Buy) for 15,177 shares; Vesting start date for Restricted Stock Units for 2,246.06 units; Expiration date for Restricted Stock Units for 582.82 units. |
| 01/25/2028 | Expiration date for Employee Stock Option (Right-to-Buy) for 21,834 shares. |
| 01/27/2028 | Expiration date for Restricted Stock Units for 1,296.86 units. |
| 01/26/2029 | Expiration date for Restricted Stock Units for 2,246.06 units. |
| 01/27/2031 | Expiration date for Employee Stock Option (Right-to-Buy) for 19,520 shares. |
| 01/24/2032 | Expiration date for Employee Stock Option (Right-to-Buy) for 11,636 shares. |
| 01/24/2033 | Expiration date for Employee Stock Option (Right-to-Buy) for 10,730 shares. |
| 01/26/2034 | Expiration date for Employee Stock Option (Right-to-Buy) for 9,928 shares. |
| 01/27/2035 | Expiration date for Employee Stock Option (Right-to-Buy) for 10,831 shares. |
| 01/26/2036 | Expiration date for Employee Stock Option (Right-to-Buy) for 15,177 shares. |
Keywords
H.B. Fuller, FUL, Insider Ownership, Form 4, Stock Options, Restricted Stock Units, Phantom Units, Executive Compensation, Beneficial Ownership
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.