Form 4: H.B. Fuller Executive VP and CFO, John J. Corkrean, Reports Stock Transactions
SEC Form 4 Filing
Executive VP and CFO of H.B. Fuller, John J. Corkrean, reports the acquisition of phantom units and details holdings of stock options and restricted stock units.
Summary
- John J. Corkrean, Executive VP and CFO of H.B. Fuller, filed a Form 4 detailing changes in his beneficial ownership of company securities.
- The filing reports the acquisition of 147.39 phantom units, which convert to common stock on a 1-for-1 basis.
- The filing also details Mr. Corkrean's holdings of various employee stock options with different exercise prices and vesting schedules.
- Additionally, the filing lists restricted stock units that vest over three years and convert to common stock on a 1-for-1 basis.
- The total amount of common stock beneficially owned by Mr. Corkrean following the reported transactions is 47,187 shares.
Sentiment
Score: 7
Explanation: The document is a routine filing and does not indicate any significant positive or negative sentiment. It reflects standard executive compensation practices.
Positives
- The acquisition of phantom units indicates continued alignment of executive interests with shareholder value.
- The vesting schedules of stock options and restricted stock units incentivize long-term performance.
Industry Context
This filing is a routine disclosure of executive stock transactions, common in publicly traded companies to ensure transparency and compliance with SEC regulations.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are standard practice in publicly traded companies like H.B. Fuller.
- The vesting schedules and exercise prices are typical for incentivizing long-term performance and aligning executive interests with shareholder value.
- Companies such as 3M, Sherwin-Williams, and PPG Industries also utilize similar equity-based compensation structures for their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- The vesting schedules of stock options and restricted stock units align executive interests with long-term shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date of first employee stock option grant. |
| 01/26/2018 | Date of an employee stock option grant. |
| 01/25/2019 | Date of an employee stock option grant. |
| 01/24/2020 | Date of an employee stock option grant. |
| 01/24/2021 | Date of an employee stock option grant. |
| 01/27/2022 | Date of an employee stock option grant. |
| 01/24/2023 | Date of an employee stock option grant and restricted stock unit grant. |
| 01/24/2024 | Date of an employee stock option grant and restricted stock unit grant. |
| 01/17/2025 | Date of phantom unit acquisition. |
| 01/26/2025 | Date of an employee stock option grant and restricted stock unit grant. |
| 01/24/2025 | Vesting date for restricted stock units granted on 01/24/2023. |
| 01/24/2026 | Vesting date for restricted stock units granted on 01/24/2024. |
| 01/26/2027 | Vesting date for restricted stock units granted on 01/26/2025. |
| 01/26/2027 | Expiration date for employee stock option granted on 01/26/2018. |
| 01/25/2028 | Expiration date for employee stock option granted on 01/25/2019. |
| 01/24/2029 | Expiration date for employee stock option granted on 01/24/2020. |
| 01/24/2030 | Expiration date for employee stock option granted on 01/24/2021. |
| 01/27/2031 | Expiration date for employee stock option granted on 01/27/2022. |
| 01/24/2032 | Expiration date for employee stock option granted on 01/24/2023. |
| 01/24/2033 | Expiration date for employee stock option granted on 01/24/2024. |
| 01/26/2034 | Expiration date for employee stock option granted on 01/26/2025. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Restricted Stock Units, Phantom Units, Executive Compensation, H.B. Fuller, John J. Corkrean
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