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, reports acquisition of stock options and restricted stock units.
Summary
- On January 27, 2025, John J. Corkrean, Executive VP and CFO of H.B. Fuller Co., reported changes in beneficial ownership to the SEC.
- Corkrean acquired 24,570 employee stock options at an exercise price of $64.28, expiring on January 27, 2035.
- He also acquired 4,302 restricted stock units, vesting in three annual installments starting January 27, 2025, and converting to common stock on a 1-for-1 basis.
- Corkrean directly owns 52,196 shares of common stock.
- He also holds various other employee stock options with different exercise prices and expiration dates, as well as phantom units and restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing executive compensation.
Positives
- The acquisition of stock options and restricted stock units aligns the executive's interests with those of the shareholders.
- The vesting schedule of the restricted stock units encourages long-term commitment from the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view the acquisition of stock options and restricted stock units as a positive sign, aligning management's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date of employee stock option with exercise price of $43.48 |
| 01/24/2020 | Date of employee stock option with exercise price of $45.05 |
| 01/24/2021 | Date of employee stock option with exercise price of $48.35 |
| 01/26/2018 | Date of employee stock option with exercise price of $50.1 |
| 01/27/2022 | Date of employee stock option with exercise price of $51.89 |
| 01/25/2019 | Date of employee stock option with exercise price of $53.57 |
| 01/24/2023 | Date of employee stock option with exercise price of $72.94 |
| 01/24/2024 | Date of employee stock option with exercise price of $68.17 and restricted stock units |
| 01/26/2025 | Date of employee stock option with exercise price of $77.72 and restricted stock units |
| 01/27/2025 | Date of transaction, acquisition of stock options and restricted stock units |
| 01/24/2026 | Expiration date of restricted stock units |
| 01/27/2026 | Vesting date of restricted stock units and expiration date of employee stock option |
| 05/17/2026 | Expiration date of employee stock option |
| 01/26/2027 | Expiration date of employee stock option and vesting date of restricted stock units |
| 01/24/2028 | Expiration date of restricted stock units |
| 01/25/2028 | Expiration date of employee stock option |
| 01/24/2029 | Expiration date of employee stock option |
| 01/24/2030 | Expiration date of employee stock option |
| 01/27/2031 | Expiration date of employee stock option |
| 01/24/2032 | Expiration date of employee stock option |
| 01/24/2033 | Expiration date of employee stock option |
| 01/26/2034 | Expiration date of employee stock option |
| 01/27/2035 | Expiration date of employee stock option |
| 01/29/2025 | Date of signature |
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