Director Michael Happe receives 429 stock units at FULLER H B CO (FUL)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FULLER H B CO director Michael J. Happe received a grant of stock units as part of director compensation. On 2026-05-29, he was awarded 429.15 stock units at $64.0800 per unit, each convertible into one share of common stock on a 1-for-1 basis.
The filing shows these units will be converted into common shares upon retirement, death, disability or certain specified events under the Directors' Deferred Compensation Plan, subject to required holding periods. After this grant, Happe holds 14,874.29 stock units and 1,343 shares of common stock directly. The Form 4 does not report any open-market purchases or sales, indicating a routine, compensation-related equity award rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Happe Michael J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 429.15 | $64.08 | $27K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Units — 14,874.29 shares (Direct, null);
Common Stock — 1,343 shares (Direct, null)
Footnotes (1)
- These units convert into shares of common stock on a 1-for-1 basis. These units will be converted into shares of common stock upon retirement, death, disability or certain specified events, all as defined in such plan, subject to holding periods required by law. This amount includes stock units acquired pursuant to a dividend equivalent feature of the Directors' Deferred Compensation Plan.
Key Figures
Stock units granted: 429.15 stock units
Grant value per unit: $64.0800 per unit
Stock units after grant: 14,874.29 stock units
+2 more
5 metrics
Stock units granted
429.15 stock units
Grant on 2026-05-29 under director compensation plan
Grant value per unit
$64.0800 per unit
Valuation of stock units granted on 2026-05-29
Stock units after grant
14,874.29 stock units
Deferred units held by Michael J. Happe after transaction
Common shares held
1,343 shares
FULLER H B CO common stock held directly after transaction
Conversion ratio
1-for-1 into common stock
Each stock unit converts to one share of common stock
Key Terms
Stock Units, Directors' Deferred Compensation Plan, dividend equivalent feature, 1-for-1 basis
4 terms
Stock Units financial
"The filing shows a derivative transaction in 429.1500 Stock Units."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Directors' Deferred Compensation Plan financial
"This amount includes stock units acquired pursuant to a dividend equivalent feature of the Directors' Deferred Compensation Plan."
dividend equivalent feature financial
"This amount includes stock units acquired pursuant to a dividend equivalent feature of the Directors' Deferred Compensation Plan."
1-for-1 basis financial
"These units convert into shares of common stock on a 1-for-1 basis."
FAQ
What did FULLER H B CO director Michael Happe report in this Form 4 for FUL?
Michael J. Happe reported receiving a grant of 429.15 stock units tied to FULLER H B CO common stock. These units are part of director compensation and convert into common shares later under the company’s Directors' Deferred Compensation Plan.
How many stock units does Michael Happe hold after this Form 4 transaction in FUL?
After the reported grant, Michael J. Happe holds 14,874.29 stock units linked to FULLER H B CO common stock. These units represent deferred equity compensation that will convert into shares upon retirement, death, disability or other specified events under the plan.
Did Michael Happe buy or sell FUL common stock in the market in this Form 4?
The Form 4 does not show any open-market purchases or sales of FULLER H B CO common stock by Michael J. Happe. It reports a grant of stock units as compensation and a holding entry for existing common shares, rather than discretionary market trading.
What are the terms of Michael Happe’s new stock units in FULLER H B CO?
Each of the 429.15 stock units granted to Michael J. Happe converts into one share of FULLER H B CO common stock. Conversion occurs upon retirement, death, disability or other defined events, and the units are subject to holding periods required by law under the deferred compensation plan.
At what price were Michael Happe’s FUL stock units valued in this grant?
The 429.15 stock units granted to Michael J. Happe were valued at $64.0800 per unit. These units represent deferred rights to receive FULLER H B CO common shares on a 1-for-1 basis, subject to retirement, death, disability or other specified plan events.