FUL CFO granted 197.76 Phantom Units
FULLER H B CO Executive VP and CFO John J. Corkrean received a grant of 197.760 Phantom Units on Common Stock, treated as a derivative award.
Rhea-AI Filing Summary
FULLER H B CO Executive VP and CFO John J. Corkrean received a grant of 197.760 Phantom Units on Common Stock, treated as a derivative award. The grant is priced at $63.73 per unit and increases his Phantom Unit balance to 33,255.040 units, which convert into common stock on a 1-for-1 basis under the Key Employee Deferred Compensation Plan.
The filing also lists existing holdings, including multiple Employee Stock Option awards and Restricted Stock Units that vest in annual installments and convert into common stock on a 1-for-1 basis. The report shows no open‑market purchases or sales, only this compensation-related acquisition and updated derivative and stock holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 197.76 shares
Grant/Award
15 txns
Insider
Corkrean John J
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 197.76 | $63.73 | $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 — 33,255.04 contracts (Direct);
Employee Stock Option (Right-to-Buy) — 306,423 contracts (Direct);
Restricted Stock Units — 10,218.89 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: 197.760 units
Phantom Units total: 33,255.040 units
Grant reference price: $63.73 per unit
+5 more
8 metrics
Phantom Units granted
197.760 units
Grant of Phantom Units on Common Stock at $63.73
Phantom Units total
33,255.040 units
Phantom Units held after grant, 1-for-1 into common stock
Grant reference price
$63.73 per unit
Price per Phantom Unit for the 197.760-unit grant
Stock options at $45.05
41,208 underlying shares
Employee Stock Option, exercise price $45.05, expires 2029-01-24
Stock options at $48.35
48,309 underlying shares
Employee Stock Option, exercise price $48.35, expires 2030-01-24
Largest option block
39,347 underlying shares
Employee Stock Option at $59.81, expires 2036-01-26
RSU position
5,824.900 units
Restricted Stock Units, 1-for-1 into common, expire 2029-01-26
Common stock held
59,508 shares
Direct common stock holdings after reported transactions
Key Terms
Phantom Units, Employee Stock Option (Right-to-Buy), Restricted Stock Units, Key Employee Deferred Compensation Plan, +2 more
6 terms
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.
Employee Stock Option (Right-to-Buy) financial
"Employee Stock Option (Right-to-Buy) with underlying Common Stock and stated exercise prices."
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.
Key Employee Deferred Compensation Plan financial
"termination events as specified in the Key Employee Deferred Compensation Plan or such earlier date as selected"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FUL Executive VP and CFO John J. Corkrean report in this Form 4?
John J. Corkrean reported receiving a grant of 197.760 Phantom Units linked to FULLER H B CO common stock. The filing also updates his existing stock options, restricted stock units, and common stock holdings, without showing any open-market purchases or sales.
How many Phantom Units did FUL CFO John J. Corkrean hold after the new grant?
After the grant, John J. Corkrean held 33,255.040 Phantom Units tied to FULLER H B CO common stock. These units convert into shares on a 1-for-1 basis under the Key Employee Deferred Compensation Plan, as described in the filing’s footnotes.
At what reference price were the 197.760 Phantom Units for FUL granted to the CFO?
The 197.760 Phantom Units granted to the CFO are reported at a price of $63.73 per unit. Each unit represents a right tied to FULLER H B CO common stock, converting into one share on the terms described in the deferred compensation plan.
Does this FUL Form 4 show any open-market stock purchases or sales by the CFO?
No, the Form 4 does not show any open-market purchases or sales by the CFO. It reflects a compensation-related acquisition of Phantom Units and updates on outstanding employee stock options, restricted stock units, and common stock holdings, all reported as direct ownership.
What stock option positions does FUL’s CFO report holding in this filing?
The CFO reports multiple Employee Stock Option positions on FULLER H B CO common stock, including tranches with exercise prices such as $45.05, $48.35, $50.10, and higher. These options are 100% vested or vest in installments and have expirations ranging from 2027 to 2036.
AI-generated analysis. How Rhea-AI works. Not financial advice.
