Form 4: H.B. Fuller Executive VP and CFO, John J. Corkrean, Reports Changes in Beneficial Ownership
SEC Form 4
John J. Corkrean, Executive VP and CFO of H.B. Fuller, filed a Form 4 detailing changes in his beneficial ownership of the company's stock, including the acquisition of phantom units and adjustments to existing stock options and restricted stock units.
Summary
- On March 28, 2025, 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 disposition of 52,196 shares of common stock.
- Corkrean acquired 172.1 phantom units that convert into common stock on a 1-for-1 basis.
- These phantom units convert into shares of common stock upon certain termination events or an earlier date selected by the participant, subject to legal holding periods.
- The report also includes information on employee stock options and restricted stock units held by Corkrean, with varying exercise prices and vesting schedules.
- Some restricted stock units and stock options vest in three annual installments.
- The report includes stock units and restricted stock units acquired pursuant to dividend equivalent features.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Negatives
- The reporting person disposed of 52,196 shares of common stock.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common in publicly traded companies. It provides transparency to investors regarding the financial interests of company executives.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like H.B. Fuller to incentivize performance and align executive interests with shareholder value.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation plans.
- Companies like 3M, Avery Dennison, and Sherwin-Williams also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
- It can influence investor perception of management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date of employee stock option (Right-to-Buy) |
| 01/26/2018 | Date of employee stock option (Right-to-Buy) |
| 01/25/2019 | Date of employee stock option (Right-to-Buy) |
| 01/24/2020 | Date of employee stock option (Right-to-Buy) |
| 01/24/2021 | Date of employee stock option (Right-to-Buy) |
| 01/27/2022 | Date of employee stock option (Right-to-Buy) |
| 01/24/2023 | Date of employee stock option (Right-to-Buy) |
| 01/24/2024 | Date of employee stock option (Right-to-Buy) and Restricted Stock Units |
| 01/26/2025 | Date of employee stock option (Right-to-Buy) and Restricted Stock Units |
| 03/28/2025 | Date of Earliest Transaction |
| 01/27/2026 | Date of employee stock option (Right-to-Buy) and Restricted Stock Units |
| 05/17/2026 | Expiration Date of employee stock option (Right-to-Buy) |
| 01/26/2027 | Expiration Date of employee stock option (Right-to-Buy) and Restricted Stock Units |
| 01/27/2028 | Expiration Date of Restricted Stock Units |
| 01/24/2029 | Expiration Date of employee stock option (Right-to-Buy) |
| 01/24/2030 | Expiration Date of employee stock option (Right-to-Buy) |
| 01/27/2031 | Expiration Date of employee stock option (Right-to-Buy) |
| 01/24/2032 | Expiration Date of employee stock option (Right-to-Buy) |
| 01/24/2033 | Expiration Date of employee stock option (Right-to-Buy) |
| 01/26/2034 | Expiration Date of employee stock option (Right-to-Buy) |
| 01/27/2035 | Expiration Date of employee stock option (Right-to-Buy) |
Keywords
Form 4, Beneficial Ownership, Executive Compensation, Stock Options, Restricted Stock Units, Phantom Units, H.B. Fuller, FUL, Securities
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