FUL CFO John Corkrean receives 218 phantom units and details equity holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FULLER H B CO Executive VP and CFO John J. Corkrean reported updated equity holdings, including a new grant of phantom units. On 2026-05-22, he received 218.13 phantom units tied to common stock at a reference price of $57.78 per unit as a grant or award, not an open-market trade.
Following this grant, Corkrean directly holds 59,508 shares of common stock and 34,017.27 phantom units, which convert into common stock on a 1-for-1 basis under the Key Employee Deferred Compensation Plan. He also holds multiple tranches of restricted stock units and employee stock options with exercise prices ranging from $45.05 to $77.72, providing additional potential future equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Corkrean John J
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 218.13 | $57.78 | $13K |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 34,017.27 shares (Direct, null);
Employee Stock Option (Right-to-Buy) — 41,208 shares (Direct, null);
Restricted Stock Units — 1,459.82 shares (Direct, null);
Common Stock — 59,508 shares (Direct, null)
Footnotes (1)
- These units (acquired after 12-31-04) convert into shares of common stock on a 1-for-1 basis. These units (acquired after 12-31-04) convert into shares of common stock upon the earlier of certain termination events as specified in the Key Employee Deferred Compensation Plan or such earlier date as selected by the participant, subject to holding periods required by law. Amount includes stock units acquired pursuant to a dividend equivalent feature. This option is 100% vested. This option vests in three annual installments (33%, 33%, and 34%) beginning on the date shown. These restricted stock units convert into shares of common stock on a 1-for-1 basis. These restricted stock units vest in three annual installments (33%, 33%, and 34%) beginning on the date shown. Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.
Key Figures
Common stock held: 59,508 shares
Phantom units granted: 218.13 units at $57.78
Total phantom units: 34,017.27 units
+3 more
6 metrics
Common stock held
59,508 shares
Direct ownership after transactions on 2026-05-22
Phantom units granted
218.13 units at $57.78
Grant of phantom units on 2026-05-22
Total phantom units
34,017.27 units
Phantom units outstanding after grant, 1-for-1 into common stock
Highest option exercise price
$77.72 per share
Employee stock option expiring 2034-01-26
Largest option block
48,309 underlying shares
Employee stock option at $48.35, expiring 2030-01-24
RSU block
5,848.8 underlying shares
Restricted stock units with 0.0000 exercise price, expiring 2029-01-26
Key Terms
Restricted Stock Units, Phantom Units, Key Employee Deferred Compensation Plan, dividend equivalent feature, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units convert into shares of common stock on a 1-for-1 basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Phantom Units financial
"These units (acquired after 12-31-04) convert into shares of common stock on a 1-for-1 basis."
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
Key Employee Deferred Compensation Plan financial
"as specified in the Key Employee Deferred Compensation Plan or such earlier date as selected by the participant"
dividend equivalent feature financial
"Amount includes stock units acquired pursuant to a dividend equivalent feature."
dividend equivalent reinvestment feature financial
"Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature."
FAQ
What did FUL Executive VP and CFO John J. Corkrean report in this Form 4?
Corkrean reported a grant of 218.13 phantom units tied to FULLER H B CO common stock and updated his equity holdings, including common shares, restricted stock units, options, and phantom units held under company compensation plans.
What are the phantom units reported by FUL CFO John J. Corkrean?
The filing shows 34017.27 phantom units after the award, including the new 218.13-unit grant. Footnotes state these units convert into common stock on a 1-for-1 basis under the Key Employee Deferred Compensation Plan, often for deferred compensation.
What stock options does John J. Corkrean hold in FULLER H B CO (FUL)?
Corkrean holds several employee stock option grants on FULLER H B CO common stock, with exercise prices from $45.05 to $77.72 and expirations between 2027 and 2036, representing rights to buy shares at those fixed prices.
What restricted stock units (RSUs) are reported for John J. Corkrean at FUL?
The Form 4 lists multiple RSU awards totaling 2,952.19, 5,848.8, and 1,459.82 underlying shares. Footnotes note these RSUs convert into common stock on a 1-for-1 basis and typically vest in three annual installments beginning on the dates shown.