Form 4: H.B. Fuller Senior VP Reports Changes in Beneficial Ownership
Insider Ownership Report
H.B. Fuller's Senior VP of International Growth, Heather Campe, filed a Form 4 detailing her beneficial ownership of common stock, phantom units, employee stock options, and restricted stock units, including recent acquisitions of phantom units.
Summary
- The filing is an SEC Form 4, a Statement of Changes in Beneficial Ownership, for Heather Campe, Senior Vice President of International Growth at H.B. Fuller Co. (Ticker: FUL).
- Heather Campe directly beneficially owns 22,316.23 shares of H.B. Fuller Common Stock, which includes shares acquired through a dividend reinvestment plan.
- On June 20, 2025, Ms. Campe acquired 39.73 Phantom Units at a price of $54.57 per unit, bringing her total Phantom Units beneficially owned to 4,710.
- These Phantom Units convert into shares of common stock on a 1-for-1 basis upon certain termination events or an earlier date selected by the participant, subject to holding periods.
- The filing also details various Employee Stock Options (Right-to-Buy) held by Ms. Campe, with exercise prices ranging from $51.89 to $77.72 and expiration dates between January 25, 2028, and January 27, 2035.
- Several stock options are 100% vested, while others vest in three annual installments (33%, 33%, and 34%) starting on their respective grant dates.
- Ms. Campe also holds Restricted Stock Units (RSUs) that convert into common stock on a 1-for-1 basis, with vesting dates from January 24, 2024, to January 27, 2026, and expiration dates from January 24, 2026, to January 27, 2028.
- The amounts for Phantom Units and Restricted Stock Units include units acquired pursuant to a dividend equivalent feature.
Sentiment
Score: 5
Explanation: This is a standard SEC Form 4 filing reporting changes in beneficial ownership for an executive, which is a routine disclosure and does not inherently convey positive or negative sentiment about the company's performance or outlook.
Positives
- Senior management holds a significant stake in the company through common stock, phantom units, stock options, and restricted stock units, aligning their interests with shareholders.
- The acquisition of 39.73 Phantom Units indicates continued participation in the company's equity incentive plans by a key executive.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership, which can indicate alignment of interests between management and shareholders.
- Employees: Reflects the company's equity compensation structure for executives, which may influence broader employee compensation strategies.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Grant date for an Employee Stock Option (Right-to-Buy) with an exercise price of $53.57 and an expiration date of 01/25/2028. |
| 01/27/2022 | Grant date for an Employee Stock Option (Right-to-Buy) with an exercise price of $51.89 and an expiration date of 01/27/2031. |
| 01/24/2023 | Grant date for an Employee Stock Option (Right-to-Buy) with an exercise price of $72.94 and an expiration date of 01/24/2032. |
| 01/24/2024 | Grant date for an Employee Stock Option (Right-to-Buy) with an exercise price of $68.17 and an expiration date of 01/24/2033; Vesting start date for Restricted Stock Units with an expiration date of 01/24/2026. |
| 01/26/2025 | Grant date for an Employee Stock Option (Right-to-Buy) with an exercise price of $77.72 and an expiration date of 01/26/2034; Vesting start date for Restricted Stock Units with an expiration date of 01/26/2027. |
| 06/20/2025 | Date of earliest transaction, specifically the acquisition of 39.73 Phantom Units. |
| 06/23/2025 | Signature date of the reporting person's attorney-in-fact for the filing. |
| 01/27/2026 | Grant date for an Employee Stock Option (Right-to-Buy) with an exercise price of $64.28 and an expiration date of 01/27/2035; Vesting start date for Restricted Stock Units with an expiration date of 01/27/2028. |
Keywords
H.B. Fuller, FUL, SEC Form 4, Beneficial Ownership, Insider Trading, Stock Options, Restricted Stock Units, Phantom Units, Executive Compensation, Equity Incentive Plan
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