H.B. Fuller CFO granted 215.85 phantom stock units
Corkrean John J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Corkrean John J reported acquisition or exercise transactions in this Form 4 filing.
H.B. Fuller Executive VP and CFO John J. Corkrean reported a compensation-related award of phantom stock units linked to the company’s common shares. He received 215.85 phantom units at a reference price of $58.39 per unit, each convertible into one share of common stock.
After this grant, Corkrean holds 34,639.58 phantom units in total. The filing also shows direct ownership of 59,508 shares of common stock and multiple outstanding stock option and restricted stock unit awards, reflecting a substantial portion of his compensation tied to H.B. Fuller’s equity performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 215.85 shares
Grant/Award
15 txns
Insider
Corkrean John J
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 215.85 | $58.39 | $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 — 34,639.58 contracts (Direct);
Employee Stock Option (Right-to-Buy) — 306,423 contracts (Direct);
Restricted Stock Units — 10,260.81 contracts (Direct);
Common Stock — 59,508 shares (Direct)
Footnotes (8)
- F1. These units (acquired after 12-31-04) convert into shares of common stock on a 1-for-1 basis.
- F2. 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.
- F3. Amount includes stock units acquired pursuant to a dividend equivalent feature.
- F4. This option is 100% vested.
- F5. This option vests in three annual installments (33%, 33%, and 34%) beginning on the date shown.
- F6. These restricted stock units convert into shares of common stock on a 1-for-1 basis.
- F7. These restricted stock units vest in three annual installments (33%, 33%, and 34%) beginning on the date shown.
- F8. Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.
Key Figures
Phantom units granted: 215.85 units
Reference price per phantom unit: $58.39 per unit
Total phantom units after grant: 34,639.58 units
+4 more
7 metrics
Phantom units granted
215.85 units
Grant of phantom units with 1-for-1 common stock linkage
Reference price per phantom unit
$58.39 per unit
Price used for 215.85 phantom units grant
Total phantom units after grant
34,639.58 units
CFO’s phantom unit balance following the reported award
Direct common stock holdings
59,508 shares
Common stock directly owned by CFO after reported date
Largest option block
48,309 shares at $48.35
Employee stock option (Right-to-Buy) expiring 2030-01-24
Highest option exercise price
$77.72 per share
Employee stock option expiring 2034-01-26
Phantom units underlying shares
215.85 shares
1-for-1 conversion into common stock for new phantom units
Key Terms
Phantom Units, Restricted Stock Units, Employee Stock Option (Right-to-Buy), Key Employee Deferred Compensation Plan, +1 more
5 terms
Phantom Units financial
"Phantom Units transaction of 215.8500 units with underlying Common Stock"
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.
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.
Employee Stock Option (Right-to-Buy) financial
"Employee Stock Option (Right-to-Buy) with exercise prices such as 77.7200 and 48.3500"
Key Employee Deferred Compensation Plan financial
"termination events as specified in the Key Employee Deferred Compensation Plan or such earlier date"
dividend equivalent feature financial
"Amount includes stock units acquired pursuant to a dividend equivalent feature."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did H.B. Fuller (FUL) CFO John Corkrean report in this Form 4?
The Form 4 reports that CFO John J. Corkrean received 215.85 phantom stock units tied to H.B. Fuller common shares. It also updates his direct common stock holdings and his outstanding stock option and restricted stock unit awards as of the reported date.
How many phantom units did H.B. Fuller (FUL) grant to its CFO and at what price?
H.B. Fuller granted CFO John J. Corkrean 215.85 phantom units at a reference price of $58.39 per unit. Each phantom unit is linked to one share of common stock, aligning the award’s value with the company’s share performance over time.
How many phantom units does H.B. Fuller (FUL) CFO hold after this award?
After this award, CFO John J. Corkrean holds 34,639.58 phantom units in total. These units track H.B. Fuller’s common stock value and can convert into shares based on plan terms, providing equity-linked, deferred compensation exposure for the executive.
Does this H.B. Fuller (FUL) Form 4 show any open-market stock purchases or sales?
No open-market purchases or sales are reported in this Form 4. The only transaction coded as a change is a grant of 215.85 phantom units, while the remaining entries update Corkrean’s existing holdings in common stock, restricted stock units, and employee stock options.
What other equity awards does the H.B. Fuller (FUL) CFO hold besides phantom units?
Beyond phantom units, the CFO holds several tranches of restricted stock units and employee stock options on H.B. Fuller common stock. These options have exercise prices ranging from $45.05 to $77.72 and various expiration dates extending out to 2036.
AI-generated analysis. How Rhea-AI works. Not financial advice.
