Form 4: H.B. Fuller Executive VP and CFO, John J. Corkrean, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John J. Corkrean, Executive VP and CFO of H.B. Fuller, filed a Form 4 detailing changes in beneficial ownership, including the acquisition of phantom units and adjustments to holdings of common stock and stock options.
Summary
- On September 16, 2024, John J. Corkrean, Executive VP and CFO of H.B. Fuller, filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of H.B. Fuller securities.
- Corkrean acquired 97.1 phantom units on September 13, 2024, at a price of $80.78.
- He directly owns 47,187 shares of common stock.
- He also holds various employee stock options with different exercise prices and expiration dates, as well as restricted stock units.
- The report includes information on stock options vesting schedules and dividend equivalent reinvestment features for restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing, and the information presented doesn't inherently indicate positive or negative sentiment. It simply reflects changes in the executive's holdings.
Positives
- The reporting person's continued holding of a significant number of shares and options indicates confidence in the company's future performance.
- The acquisition of phantom units suggests an ongoing commitment to the company's long-term success.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, restricted stock units, and performance-based bonuses.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation plans.
- The use of phantom units is a common way to provide deferred compensation to key employees.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.
- Employees holding similar stock options or restricted stock units may be interested in the vesting schedules and terms of the executive's compensation.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $43.48 and an expiration date of 05/17/2026. |
| 01/26/2018 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $50.1 and an expiration date of 01/26/2027. |
| 01/25/2019 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $53.57 and an expiration date of 01/25/2028. |
| 01/24/2020 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $45.05 and an expiration date of 01/24/2029. |
| 01/24/2021 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $48.35 and an expiration date of 01/24/2030. |
| 01/24/2023 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $72.94 and an expiration date of 01/24/2032. Also, the vesting start date for Restricted Stock Units expiring 01/24/2025. |
| 01/24/2024 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $68.17 and an expiration date of 01/24/2033. Also, the vesting start date for Restricted Stock Units expiring 01/24/2026. |
| 01/26/2025 | Date of Employee Stock Option (Right-to-Buy) with an exercise price of $77.72 and an expiration date of 01/26/2034. Also, the vesting start date for Restricted Stock Units expiring 01/26/2027. |
| 09/13/2024 | Date of transaction: acquisition of 97.1 phantom units. |
| 09/16/2024 | Date of filing: Form 4 filed on September 16, 2024. |
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