Form 4: H.B. Fuller Executive Gregory Ogunsanya Reports Stock Transactions
SEC Form 4 Filing
Gregory Ogunsanya, a Senior VP at H.B. Fuller, reported the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On October 4, 2024, Gregory O. Ogunsanya, a Senior VP, GC, and Corp Secretary at H.B. Fuller Co. (FUL), reported transactions involving the company's common stock and restricted stock units.
- Ogunsanya acquired 3,647 shares of common stock upon the vesting of restricted stock units at a price of $77.18 per share.
- He also acquired 189 shares of common stock upon the vesting of additional restricted stock units at the same price.
- A total of 59 shares were withheld for taxes due on the 189 shares issued.
- Additionally, 1,229 shares were withheld for taxes due on the 3,647 shares issued.
- Following these transactions, Ogunsanya directly owns 2,548 shares of common stock.
- Ogunsanya also holds derivative securities, including restricted stock units and employee stock options, with varying vesting schedules and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The vesting schedules and option terms appear typical for executive compensation packages.
- Similar filings can be observed for executives at comparable companies in the adhesives and sealants industry, such as Avery Dennison Corp (AVY) and 3M Company (MMM).
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding insider stock activity.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of earliest transaction and vesting of restricted stock units. |
| 10/04/2024 | Vesting date for 3,647 restricted stock units. |
| 10/04/2024 | Vesting date for 189 restricted stock units. |
| 10/04/2024 | First vesting date for employee stock options exercisable at $70.28. |
| 10/04/2025 | Expiration date for 3,647 restricted stock units. |
| 01/26/2025 | First vesting date for employee stock options exercisable at $77.72. |
| 01/26/2027 | Vesting date for 1,503.39 restricted stock units. |
| 10/04/2033 | Expiration date for employee stock options exercisable at $70.28. |
| 01/26/2034 | Expiration date for employee stock options exercisable at $77.72. |
| 10/07/2024 | Date of signature on the Form 4 filing. |
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