Form 4: H.B. Fuller Executive VP and CFO, John J. Corkrean, Reports Changes in Beneficial Ownership
SEC Form 4
Executive VP and CFO of H.B. Fuller, John J. Corkrean, filed a Form 4 detailing changes in beneficial ownership, including the acquisition of phantom units and restricted stock units.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller, reported changes in his beneficial ownership of the company's securities.
- The report details the acquisition of 96.58 phantom units on August 2, 2024, at a price of $0.0000.
- Corkrean also owns 47,187 shares of common stock directly.
- He holds various employee stock options with different exercise prices and expiration dates, totaling 232,192 shares.
- Additionally, he possesses restricted stock units that convert into common stock on a 1-for-1 basis, totaling 7,790.97 shares.
- The filing also includes information about dividend equivalent features associated with stock units and restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.
Positives
- The reporting person's holdings include a mix of common stock, stock options, and restricted stock units, indicating a long-term commitment to the company.
- The acquisition of phantom units suggests continued participation in the company's compensation plans.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedules of the stock options and restricted stock units suggest a continued relationship between the executive and the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive's ongoing participation in the company's equity compensation plans.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, restricted stock units, and other incentives.
- The specific terms of these packages vary widely based on company size, industry, and individual performance.
- Comparing H.B. Fuller's executive compensation practices to those of its peers would require a more detailed analysis of its proxy statements and other filings.
- Companies like 3M, Dow, and DuPont could be considered peers for comparison purposes.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the executive's holdings in the company.
- It can influence investor sentiment depending on the perceived alignment of management's interests with those of shareholders.
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; Vesting start date for Restricted Stock Units |
| 01/24/2024 | Date exercisable for Employee Stock Option (Right-to-Buy) at $68.17, expiring 01/24/2033; Vesting start date for Restricted Stock Units; Phantom Units acquired |
| 01/26/2025 | Date exercisable for Employee Stock Option (Right-to-Buy) at $77.72, expiring 01/26/2034; Vesting start date for Restricted Stock Units |
| 08/02/2024 | Transaction date for acquisition of phantom units |
| 08/05/2024 | Date of Form 4 filing |
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