Form 4: H.B. Fuller Sr. VP Acquires Phantom Units
Insider Transaction Report
H.B. Fuller's Senior VP of International Growth, Heather Campe, reported an acquisition of phantom units and detailed her beneficial ownership of company securities.
Summary
- Heather Campe, Senior VP, International Growth at H.B. Fuller Co. (FUL), filed a Form 4 statement regarding her beneficial ownership.
- On October 24, 2025, Campe acquired 35.26 phantom units, which convert into common stock on a 1-for-1 basis.
- Following the reported transaction, Campe beneficially owns 22,316.23 shares of Common Stock, including shares from a dividend reinvestment plan.
- She also holds 5,056.78 phantom units, which include units acquired via a dividend equivalent feature.
- The filing details several employee stock options with exercise prices ranging from $51.89 to $77.72, and expiration dates extending to January 27, 2035.
- Additionally, Campe holds restricted stock units totaling 3,681.48 units, which vest in annual installments and convert into common stock on a 1-for-1 basis.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive due to an insider acquiring additional phantom units, indicating continued confidence. However, it's largely neutral as Form 4 filings are routine disclosures of executive compensation and ownership, not typically indicative of significant new company developments.
Positives
- The acquisition of 35.26 phantom units by a Senior VP indicates continued insider alignment and confidence in the company's future.
- The substantial holdings of common stock, phantom units, employee stock options, and restricted stock units demonstrate a significant vested interest of a key executive in the company's performance.
Future Outlook
The filing indicates future vesting events for various employee stock options and restricted stock units, with vesting periods extending through January 2026 and expiration dates for options as late as January 2035. Phantom units convert to common stock upon certain termination events or participant selection, subject to holding periods.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and beneficial ownership, common across all publicly traded companies. It reflects an executive's compensation structure and personal investment in the company, rather than broader industry trends.
Stakeholder Impact
- Shareholders: Increased alignment between executive management and shareholder interests due to significant equity holdings and ongoing acquisition of phantom units.
- Employees: The filing details executive compensation components, which can provide context for broader employee incentive programs.
Next Steps
- Vesting of various employee stock options and restricted stock units will continue according to their respective schedules, with the earliest vesting dates in January 2024 and the latest in January 2026.
- Phantom units will convert into common stock upon the earlier of certain termination events or participant selection, subject to holding periods.
Key Dates
| Date | Description |
|---|---|
| 01/25/2019 | Vesting start date for an employee stock option grant. |
| 01/27/2022 | Vesting start date for an employee stock option grant. |
| 01/24/2023 | Vesting start date for an employee stock option grant. |
| 01/24/2024 | Vesting start date for an employee stock option grant and a restricted stock unit grant. |
| 01/26/2025 | Vesting start date for an employee stock option grant and a restricted stock unit grant. |
| 10/24/2025 | Date of earliest transaction, involving the acquisition of phantom units. |
| 01/27/2026 | Vesting start date for an employee stock option grant and a restricted stock unit grant. |
| 10/27/2025 | Signature date of the reporting person's attorney-in-fact. |
| 01/25/2028 | Expiration date for an employee stock option grant. |
| 01/27/2028 | Expiration date for a restricted stock unit grant. |
| 01/24/2032 | Expiration date for an employee stock option grant. |
| 01/24/2033 | Expiration date for an employee stock option grant. |
| 01/26/2034 | Expiration date for an employee stock option grant. |
| 01/27/2035 | Expiration date for an employee stock option grant. |
Keywords
H.B. Fuller, FUL, Insider Trading, Form 4, Phantom Units, Stock Options, Restricted Stock Units, Executive Compensation, Beneficial Ownership
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