Form 4: H.B. Fuller Senior VP Heather Campe Discloses Latest Equity Holdings and Phantom Unit Acquisition

Sentiment:

Insider Ownership Disclosure 28 May 2025 10:52 AM

H.B. Fuller's Senior Vice President of International Growth, Heather Campe, has filed a Form 4 detailing her current beneficial ownership of common stock, phantom units, and employee stock options, including a recent acquisition of 39.99 phantom units.

Summary

Heather Campe, Sr. VP, International Growth at H.B. Fuller Co. (FUL), filed a Form 4 on May 28, 2025, disclosing her beneficial ownership.
As of May 23, 2025, Ms. Campe directly owns 22,316.23 shares of H.B. Fuller Common Stock, which includes shares acquired through a dividend reinvestment plan.
She acquired 39.99 phantom units on May 23, 2025, at a price of $54.22 per unit. These units convert into common stock on a 1-for-1 basis.
Her total phantom unit holdings are 4,631.68 units, which include units acquired via a dividend equivalent feature. These units convert to common stock upon the earlier of certain termination events as specified in the Key Employee Deferred Compensation Plan or such earlier date as selected by the participant, subject to holding periods required by law.
Ms. Campe also holds various employee stock options (Right-to-Buy) for a total of 83,459 shares of Common Stock with exercise prices ranging from $51.89 to $77.72 and expiration dates between January 2028 and January 2035. Some options are fully vested, while others vest in three annual installments.
Additionally, she holds Restricted Stock Units (RSUs) totaling 3,667.04 units, which convert 1-for-1 into common stock and vest in three annual installments, with vesting periods extending to January 2028. This amount includes RSUs acquired through a dividend equivalent reinvestment feature.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an executive's continued accumulation of equity-linked compensation, aligning their interests with shareholders. However, it's a routine disclosure and not indicative of major news.

Positives

The acquisition of 39.99 phantom units by a Senior VP indicates continued alignment of management interests with shareholder value.
The significant holdings of common stock, phantom units, and stock options demonstrate a substantial vested interest in the company's long-term performance by a key executive.

Future Outlook

Industry Context

This Form 4 filing is a routine disclosure of an executive's equity holdings and a minor acquisition of phantom units, which is standard practice for publicly traded companies. It does not provide broader industry context or trends.

Stakeholder Impact

Shareholders: Provides transparency regarding executive equity holdings, which can be viewed positively as it aligns executive interests with shareholder value.

Key Dates

Date	Description
01/25/2019	Date of grant for employee stock option for 21,834 shares at $53.57, expiring 01/25/2028.
01/27/2022	Date of grant for employee stock option for 19,520 shares at $51.89, expiring 01/27/2031.
01/24/2023	Date of grant for employee stock option for 11,636 shares at $72.94, expiring 01/24/2032.
01/24/2024	Date of grant for employee stock option for 10,730 shares at $68.17, expiring 01/24/2033. Also, vesting start date for 621.44 Restricted Stock Units expiring 01/24/2026.
01/26/2025	Date of grant for employee stock option for 9,928 shares at $77.72, expiring 01/26/2034. Also, vesting start date for 1,134.66 Restricted Stock Units expiring 01/26/2027.
05/23/2025	Date of transaction for the acquisition of 39.99 phantom units and the reporting date for beneficial ownership.
05/28/2025	Date the Form 4 was signed by the Attorney-in-Fact.
01/27/2026	Date of grant for employee stock option for 10,831 shares at $64.28, expiring 01/27/2035. Also, vesting start date for 1,910.94 Restricted Stock Units expiring 01/27/2028.
01/25/2028	Expiration date for employee stock option granted on 01/25/2019.
01/27/2028	Expiration date for Restricted Stock Units granted on 01/27/2026.
01/24/2032	Expiration date for employee stock option granted on 01/24/2023.
01/27/2031	Expiration date for employee stock option granted on 01/27/2022.
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.
01/27/2035	Expiration date for employee stock option granted on 01/27/2026.

Recommendation

hold

Keywords

H.B. Fuller, FUL, SEC Form 4, insider ownership, equity holdings, phantom units, stock options, restricted stock units, executive compensation, beneficial ownership, corporate governance, insider transaction

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