Form 4: H.B. Fuller Executive Zhiwei Cai Reports Stock Option Grant and RSU Acquisition
SEC Form 4
Executive Vice President Zhiwei Cai of H.B. Fuller Co. reports the acquisition of stock options and restricted stock units (RSUs) on January 27, 2025.
Summary
- Zhiwei Cai, Executive Vice President of H.B. Fuller Co., filed a Form 4 detailing changes in beneficial ownership.
- On January 27, 2025, Cai acquired 7,422 employee stock options with an exercise price of $64.28, vesting in three annual installments.
- Cai also acquired 1,299 restricted stock units (RSUs) that convert into common stock on a 1-for-1 basis, vesting in three annual installments starting January 27, 2026, and expiring January 27, 2028.
- Following these transactions, Cai directly owns 38,409 shares of common stock.
- Cai also holds various other employee stock options with different exercise prices and expiration dates, as well as phantom units and restricted stock units.
- The filing was signed by Patrick J. Seul, Attorney-in-Fact, on January 29, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects routine executive compensation.
Positives
- The acquisition of stock options and RSUs by an executive could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/26/2018 | Employee Stock Option (Right-to-Buy) $ 50.1 |
| 01/24/2019 | Employee Stock Option (Right-to-Buy) $ 53.57 |
| 01/24/2020 | Employee Stock Option (Right-to-Buy) $ 45.05 |
| 01/24/2021 | Employee Stock Option (Right-to-Buy) $ 48.35 |
| 01/27/2022 | Employee Stock Option (Right-to-Buy) $ 51.89 |
| 01/24/2023 | Employee Stock Option (Right-to-Buy) $ 72.94 |
| 01/24/2024 | Employee Stock Option (Right-to-Buy) $ 68.17 and Restricted Stock Units |
| 01/26/2025 | Employee Stock Option (Right-to-Buy) $ 77.72 and Restricted Stock Units |
| 01/27/2025 | Date of Earliest Transaction, Acquisition of stock options and RSUs |
| 01/29/2025 | Date of filing by Attorney-in-Fact |
| 01/24/2026 | Expiration of Restricted Stock Units |
| 01/26/2027 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/25/2028 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/24/2029 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/24/2030 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/27/2031 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/24/2032 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/24/2033 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/26/2034 | Employee Stock Option (Right-to-Buy) Expiration |
| 01/27/2035 | Employee Stock Option (Right-to-Buy) Expiration |
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