Form 4: H.B. Fuller Senior VP Reports Acquisition of Phantom Units and Updates Equity Holdings
Insider Transaction Report
H.B. Fuller Co.'s Senior Vice President of International Growth, Heather Campe, reported the acquisition of 34.83 phantom units and updated her beneficial ownership of common stock, stock options, and restricted stock units.
Summary
- Heather Campe, Senior Vice President of International Growth at H.B. Fuller Co. (FUL), filed a Form 4 disclosing her beneficial ownership and recent transactions.
- As of the transaction date, Ms. Campe beneficially owns 22,316.23 shares of common stock directly, which includes shares acquired through a dividend reinvestment plan.
- On July 3, 2025, Ms. Campe acquired 34.83 phantom units at a price of $62.24 per unit, bringing her total phantom unit holdings to 4,744.83 units.
- These phantom units convert into common stock on a 1-for-1 basis upon certain termination events or participant selection, subject to holding periods, and include units from a dividend equivalent feature.
- Ms. Campe holds various employee stock options with exercise prices ranging from $51.89 to $77.72, totaling 84,479 underlying common shares.
- Several stock options are 100% vested, while others vest in three annual installments (33%, 33%, and 34%) beginning on their respective dates.
- She also holds restricted stock units (RSUs) totaling 3,667.04 underlying common shares, which convert 1-for-1 into common stock.
- These RSUs vest in three annual installments (33%, 33%, and 34%) beginning on their respective dates and include units from a dividend equivalent reinvestment feature.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of an insider's equity holdings and recent acquisition of phantom units. While not indicative of company performance, an insider acquiring equity is generally viewed as a neutral to slightly positive signal, aligning management interests with shareholders.
Positives
- The acquisition of phantom units by a Senior Vice President indicates continued alignment of management's interests with shareholder value.
- Significant equity holdings by a key executive, including common stock, phantom units, stock options, and restricted stock units, demonstrate a vested interest in the company's long-term performance.
- Participation in dividend reinvestment and dividend equivalent features for both common stock and equity awards suggests a strategy to compound equity holdings.
Future Outlook
This Form 4 filing is a disclosure of insider equity transactions and holdings and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing provides specific details on an individual executive's equity compensation and holdings within H.B. Fuller Co. It does not offer broader industry trends or competitive analysis, as its purpose is to ensure transparency in insider transactions.
Stakeholder Impact
- Shareholders: Provides transparency regarding the equity holdings and recent transactions of a key executive, which can inform investment decisions and demonstrate alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Date Exercisable for Employee Stock Option (Right-to-Buy) with an exercise price of $53.57, 100% vested. |
| 01/27/2022 | Date Exercisable for Employee Stock Option (Right-to-Buy) with an exercise price of $51.89, 100% vested. |
| 01/24/2023 | Date Exercisable for Employee Stock Option (Right-to-Buy) with an exercise price of $72.94, 100% vested. |
| 01/24/2024 | Date Exercisable for Employee Stock Option (Right-to-Buy) with an exercise price of $68.17 (vests in installments); Vesting start date for Restricted Stock Units with an expiration date of 01/24/2026. |
| 01/26/2025 | Date Exercisable for Employee Stock Option (Right-to-Buy) with an exercise price of $77.72 (vests in installments); Vesting start date for Restricted Stock Units with an expiration date of 01/26/2027. |
| 07/03/2025 | Date of Earliest Transaction, specifically the acquisition of 34.83 phantom units. |
| 01/27/2026 | Date Exercisable for Employee Stock Option (Right-to-Buy) with an exercise price of $64.28 (vests in installments); Vesting start date for Restricted Stock Units with an expiration date of 01/27/2028. |
| 01/25/2028 | Expiration Date for Employee Stock Option (Right-to-Buy) with an exercise price of $53.57. |
| 01/27/2028 | Expiration Date for Restricted Stock Units with a vesting start date of 01/27/2026. |
| 01/27/2031 | Expiration Date for Employee Stock Option (Right-to-Buy) with an exercise price of $51.89. |
| 01/24/2032 | Expiration Date for Employee Stock Option (Right-to-Buy) with an exercise price of $72.94. |
| 01/24/2033 | Expiration Date for Employee Stock Option (Right-to-Buy) with an exercise price of $68.17. |
| 01/26/2034 | Expiration Date for Employee Stock Option (Right-to-Buy) with an exercise price of $77.72. |
| 01/27/2035 | Expiration Date for Employee Stock Option (Right-to-Buy) with an exercise price of $64.28. |
| 07/07/2025 | Signature Date of the Reporting Person's Attorney-in-Fact. |
Keywords
H.B. Fuller, FUL, SEC Form 4, insider transaction, beneficial ownership, phantom units, stock options, restricted stock units, equity compensation, executive compensation
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