Form 4: H.B. Fuller Executive's Equity Holdings Update
Insider Ownership Report
H.B. Fuller's Sr. VP of Engineering Adhesives, Joao Magalhaes, reports his beneficial ownership of common stock, performance stock units, and employee stock options.
Summary
- Joao Magalhaes, Sr. VP, Engineering Adhesives at H.B. Fuller Co. (FUL), has filed a Form 4 statement detailing his beneficial ownership.
- The filing reports direct beneficial ownership of 3,285 shares of H.B. Fuller Common Stock.
- Magalhaes holds 293 Performance Stock Units (PSUs) acquired on January 20, 2026, which convert into common stock on a 1-for-1 basis and vest on January 24, 2026. This amount reflects H.B. Fuller achieving a Return on Invested Capital payout at 80% of the target level.
- The executive also holds various Employee Stock Options (Right-to-Buy) with different exercise prices and expiration dates, totaling 27,755 units.
- Additionally, Magalhaes holds Restricted Stock Units (RSUs) totaling 2,009.78 units, which convert into common stock on a 1-for-1 basis and include units acquired via a dividend equivalent reinvestment feature.
Sentiment
Score: 5
Explanation: Neutral, as this is a standard disclosure of an executive's equity holdings and compensation structure, which is neither inherently positive nor negative for the company's immediate operational or financial prospects.
Positives
- The executive's significant equity holdings, including common stock, performance stock units, and stock options, align management's interests with those of shareholders, incentivizing long-term company performance.
- The vesting of Performance Stock Units indicates the achievement of specific performance targets, in this case, 80% of the target Return on Invested Capital payout.
Future Outlook
No explicit future outlook for the company's performance or strategic direction is provided in this Form 4 filing. The filing primarily details the reporting person's current and future equity holdings and vesting schedules.
Industry Context
This Form 4 filing is a routine disclosure of an executive's equity holdings and does not contain information related to broader industry trends or competitive analysis. It reflects standard executive compensation practices within publicly traded companies.
Stakeholder Impact
- Shareholders: The executive's substantial equity holdings align their financial interests with those of shareholders, potentially fostering decisions that enhance long-term shareholder value.
- Employees: The equity compensation structure serves as an incentive for the executive, potentially influencing overall company performance and, indirectly, employee morale and opportunities.
Next Steps
- Vesting of 293 Performance Stock Units on January 24, 2026.
- Ongoing vesting of various Employee Stock Options and Restricted Stock Units according to their respective schedules.
Key Dates
| Date | Description |
|---|---|
| 01/26/2018 | Grant date for 1,658 Employee Stock Options (Right-to-Buy) with an exercise price of $50.10, 100% vested, expiring 01/26/2027. |
| 01/25/2019 | Grant date for 1,681 Employee Stock Options (Right-to-Buy) with an exercise price of $53.57, 100% vested, expiring 01/25/2028. |
| 01/24/2020 | Grant date for 3,021 Employee Stock Options (Right-to-Buy) with an exercise price of $45.05, 100% vested, expiring 01/24/2029. |
| 01/24/2021 | Grant date for 2,850 Employee Stock Options (Right-to-Buy) with an exercise price of $48.35, 100% vested, expiring 01/24/2030. |
| 01/27/2022 | Grant date for 2,952 Employee Stock Options (Right-to-Buy) with an exercise price of $51.89, 100% vested, expiring 01/27/2031. |
| 01/24/2023 | Grant date for 1,882 Employee Stock Options (Right-to-Buy) with an exercise price of $72.94, 100% vested, expiring 01/24/2032. |
| 01/24/2024 | Grant date for 2,231 Employee Stock Options (Right-to-Buy) with an exercise price of $68.17, vesting in three annual installments, expiring 01/24/2033. Also, vesting begins for 131.26 Restricted Stock Units. |
| 01/26/2025 | Grant date for 2,627 Employee Stock Options (Right-to-Buy) with an exercise price of $77.72, vesting in three annual installments, expiring 01/26/2034. Also, vesting begins for 303.74 Restricted Stock Units. |
| 01/20/2026 | Acquisition date for 293 Performance Stock Units. This is also the 'Date of Earliest Transaction' for the filing. |
| 01/22/2026 | Signature date of the Form 4 filing by Patrick J. Seul, Attorney-in-Fact. |
| 01/24/2026 | Vesting date for 293 Performance Stock Units. Also, expiration date for 131.26 Restricted Stock Units. |
| 02/04/2026 | Grant date for 8,853 Employee Stock Options (Right-to-Buy) with an exercise price of $61.30, vesting in three annual installments, expiring 02/04/2035. Also, vesting begins for 1,574.78 Restricted Stock Units. |
| 01/26/2027 | Expiration date for 303.74 Restricted Stock Units. |
| 02/04/2028 | Expiration date for 1,574.78 Restricted Stock Units. |
Keywords
H.B. Fuller, FUL, Insider Ownership, Form 4, Equity Holdings, Stock Options, Restricted Stock Units, Performance Stock Units, Executive Compensation
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