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 existing 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 report includes the acquisition of 103.84 phantom units, which convert to common stock on a 1-for-1 basis.
- The report also details existing holdings of employee stock options with various exercise prices and vesting schedules.
- Additionally, the report lists restricted stock units that vest over three years and convert to common stock on a 1-for-1 basis.
- The report includes stock units acquired through dividend equivalent features.
Sentiment
Score: 7
Explanation: The document is a routine filing and does not indicate any positive or negative sentiment. It is a neutral disclosure of transactions.
Positives
- The acquisition of phantom units indicates continued alignment of executive interests with shareholder value.
- The detailed reporting provides transparency into executive compensation and holdings.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of key executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The vesting schedules and option prices are typical for executive compensation packages in similar sized companies.
- Companies like 3M, Avery Dennison, and Sherwin-Williams also have similar reporting requirements for their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and holdings.
- The information is relevant to investors tracking insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/17/2017 | Date of grant for one of the employee stock options. |
| 01/26/2018 | Date of grant for one of the employee stock options. |
| 01/25/2019 | Date of grant for one of the employee stock options. |
| 01/24/2020 | Date of grant for one of the employee stock options. |
| 01/24/2021 | Date of grant for one of the employee stock options. |
| 01/27/2022 | Date of grant for one of the employee stock options. |
| 01/24/2023 | Date of grant for one of the employee stock options and restricted stock units. |
| 01/24/2024 | Date of grant for one of the employee stock options and restricted stock units. |
| 01/26/2025 | Date of grant for one of the employee stock options and restricted stock units. |
| 12/06/2024 | Date of the reported transaction of phantom unit acquisition. |
| 12/09/2024 | Date of the signature on the Form 4. |
Keywords
Form 4, insider trading, stock options, restricted stock units, phantom units, executive compensation, beneficial ownership, H.B. Fuller, FUL
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