Form 4: H.B. Fuller Executive Sells Shares to Cover Tax Obligations Following Stock Option Vesting
SEC Form 4
Xinyu Du, Sr. VP of Global R&D at H.B. Fuller, sold shares to cover tax obligations related to vested stock options and also acquired additional stock options and restricted stock units.
Summary
- Xinyu Du, a Senior VP at H.B. Fuller, filed a Form 4 detailing changes in beneficial ownership.
- On January 27, 2025, Du sold 240 shares of common stock at $63.73 per share to cover taxes due on shares issued on January 24, 2025.
- On January 28, 2025, Du sold 69 shares of common stock at a weighted average price of $63.6798 per share to cover taxes due on shares issued on January 26, 2025.
- Du also acquired 7,678 employee stock options with an exercise price of $64.28, vesting in three annual installments starting January 27, 2026, and expiring on January 27, 2035.
- Additionally, Du acquired 1,344 restricted stock units, vesting in three annual installments starting January 27, 2026, and converting to common stock on a 1-for-1 basis.
- Following these transactions, Du directly owns 2,254 shares of common stock, 7,678 employee stock options (at $64.28), 1,344 restricted stock units, and other previously held stock options and restricted stock units.
- The filing was signed by Patrick J. Seul, Attorney-in-Fact, on January 29, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of unusual or concerning activity.
Positives
- The acquisition of stock options and restricted stock units indicates continued alignment of the executive's interests with those of the company and its shareholders.
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.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/24/2021 | Date of previously granted employee stock options. |
| 01/27/2022 | Date of previously granted employee stock options. |
| 01/24/2023 | Date of previously granted employee stock options. |
| 01/24/2024 | Date of previously granted employee stock options and restricted stock units. |
| 01/24/2025 | Date of shares issued related to tax obligations. |
| 01/26/2025 | Date of shares issued related to tax obligations. |
| 01/26/2025 | Date of new employee stock options and restricted stock units. |
| 01/27/2025 | Date of stock sale, new employee stock options and restricted stock units. |
| 01/28/2025 | Date of stock sale. |
| 01/29/2025 | Date of Form 4 filing. |
| 01/24/2026 | Expiration date of previously granted restricted stock units. |
| 01/26/2027 | Expiration date of new restricted stock units. |
| 01/27/2026 | First vesting date for new employee stock options and restricted stock units. |
| 01/27/2028 | Expiration date of new restricted stock units. |
| 01/24/2030 | Expiration date of previously granted employee stock options. |
| 01/27/2031 | Expiration date of previously granted employee stock options. |
| 01/24/2032 | Expiration date of previously granted employee stock options. |
| 01/24/2033 | Expiration date of previously granted employee stock options. |
| 01/26/2034 | Expiration date of new employee stock options. |
| 01/27/2035 | Expiration date of new employee stock options. |
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