Form 4: H.B. Fuller Executive VP Acquires Phantom Units
SEC Form 4
John J. Corkrean, Executive VP and CFO of H.B. Fuller, reports acquisition of phantom units convertible to common stock.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller, filed a Form 4.
- The filing reports the acquisition of 162.12 phantom units on September 26, 2025, at a price of $0.00 per unit.
- These phantom units convert into shares of common stock on a 1-for-1 basis upon certain termination events or an earlier date selected by the participant, subject to holding periods.
- The reporting person directly owns 52,196 shares of Common Stock.
- The reporting person also owns various employee stock options and restricted stock units with different vesting schedules and expiration dates.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of executive compensation and does not inherently convey positive or negative sentiment.
Positives
- Acquisition of phantom units indicates continued alignment of executive compensation with company performance.
- The executive's continued holdings of common stock and stock options demonstrates a long-term commitment to the company.
Future Outlook
The filing does not contain explicit forward-looking statements; however, it details ongoing vesting schedules for stock options and restricted stock units.
Industry Context
Executive compensation filings are standard practice in publicly traded companies and provide transparency into executive incentives and ownership.
Comparison to Industry Standards
- Stock option and restricted stock unit grants are common compensation components for executives in publicly traded companies like H.B. Fuller.
- Comparable companies such as Avery Dennison and 3M also utilize similar equity-based compensation plans to align executive interests with shareholder value.
- The vesting schedules and terms outlined in the filing are generally consistent with industry practices for executive compensation.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive compensation and alignment of interests.
- Employees: Offers insight into the company's compensation structure and potential equity ownership opportunities for key employees.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date exercisable for Employee Stock Option (Right-to-Buy) at $43.48, expiring 05/17/2026 |
| 01/26/2018 | Date exercisable for Employee Stock Option (Right-to-Buy) at $50.1, expiring 01/26/2027 |
| 01/25/2019 | Date exercisable for Employee Stock Option (Right-to-Buy) at $53.57, expiring 01/25/2028 |
| 01/24/2020 | Date exercisable for Employee Stock Option (Right-to-Buy) at $45.05, expiring 01/24/2029 |
| 01/24/2021 | Date exercisable for Employee Stock Option (Right-to-Buy) at $48.35, expiring 01/24/2030 |
| 01/27/2022 | Date exercisable for Employee Stock Option (Right-to-Buy) at $51.89, expiring 01/27/2031 |
| 01/24/2023 | Date exercisable for Employee Stock Option (Right-to-Buy) at $72.94, expiring 01/24/2032 |
| 01/24/2024 | Date exercisable for Employee Stock Option (Right-to-Buy) at $68.17, expiring 01/24/2033 |
| 01/24/2024 | Vesting start date for Restricted Stock Units, expiring 01/24/2026 |
| 01/26/2025 | Date exercisable for Employee Stock Option (Right-to-Buy) at $64.28, expiring 01/27/2035 |
| 01/26/2025 | Vesting start date for Restricted Stock Units, expiring 01/26/2027 |
| 01/26/2025 | Transaction date for acquisition of phantom units |
| 01/26/2025 | Date exercisable for Employee Stock Option (Right-to-Buy) at $77.72, expiring 01/26/2034 |
| 01/27/2026 | Vesting start date for Restricted Stock Units, expiring 01/27/2028 |
| 09/29/2025 | Date of signature for the Form 4 filing |
Recommendation
holdThe filing represents a routine executive compensation disclosure and does not provide sufficient information to warrant a change in investment recommendation. The information is already public and is unlikely to significantly impact the stock price.
Keywords
Form 4, H.B. Fuller, Executive VP, CFO, John J. Corkrean, Phantom Units, Stock Options, Restricted Stock Units, Beneficial Ownership
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