Form 4: H.B. Fuller Senior VP Reports Acquisition of Phantom Units and Extensive Equity Holdings

Heather Campe, Senior Vice President of International Growth at H.B. Fuller Co., has filed a Form 4 detailing the acquisition of phantom units and her substantial beneficial ownership of common stock, stock options, and restricted stock units.

Summary

• Heather Campe, Senior VP of International Growth at H.B. Fuller Co. (FUL), filed a Form 4 statement of changes in beneficial ownership.
• The filing reports the acquisition of 38.59 phantom units on June 6, 2025, at a price of $56.18 per unit.
• Following this transaction, Ms. Campe beneficially owns a total of 4,670.27 phantom units, which convert into common stock on a 1-for-1 basis upon certain termination events or participant selection, subject to holding periods.
• Her direct beneficial ownership of common stock stands at 22,316.23 shares, which includes shares acquired through a dividend reinvestment plan.
• The filing also details significant holdings of employee stock options, including 19,520 options at $51.89 (vested), 21,834 options at $53.57 (vested), 11,636 options at $72.94 (vested), and several tranches of options vesting in annual installments with exercise prices ranging from $64.28 to $77.72.
• Additionally, Ms. Campe holds restricted stock units (RSUs) totaling 3,667.04 units across three tranches, which vest in annual installments and convert into common stock on a 1-for-1 basis, including units acquired via a dividend equivalent reinvestment feature.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an executive's continued participation in the company's equity plans and increased beneficial ownership through phantom units and dividend reinvestment, aligning their interests with shareholders. There are no negative implications from this filing.

Positives

• The acquisition of additional phantom units by a Senior VP indicates continued alignment of management interests with shareholder value.
• Significant existing holdings of common stock, phantom units, stock options, and restricted stock units demonstrate a strong vested interest of the executive in the company's long-term performance.

Negatives

• The document does not contain any explicitly negative information regarding the company's performance or outlook.

Future Outlook

The document is a statement of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider equity transactions and holdings, common across all publicly traded companies. It reflects an executive's participation in the company's equity compensation plans and ongoing ownership, which is a standard practice in corporate governance to align executive interests with shareholder returns.

Related Party Transactions

• The reported transactions, including the acquisition of phantom units, employee stock options, and restricted stock units, are part of standard executive compensation plans and dividend reinvestment features, which are common related-party dealings between a company and its executives.

Stakeholder Impact

• Shareholders: The executive's continued accumulation of equity through compensation plans and dividend reinvestment aligns her interests with those of shareholders, potentially fostering long-term value creation.
• Employees: The executive's significant equity holdings may signal confidence in the company's future, which can positively influence employee morale and retention.

Key Dates

Keywords

H.B. Fuller Co., FUL, SEC Form 4, Insider Trading, Beneficial Ownership, Phantom Units, Stock Options, Restricted Stock Units, Equity Compensation, Executive Compensation, Dividend Reinvestment Plan