Fuller CFO granted 210 phantom stock units
FULLER H B CO Executive VP and CFO John J. Corkrean reported an update to his equity holdings.
Rhea-AI Filing Summary
FULLER H B CO Executive VP and CFO John J. Corkrean reported an update to his equity holdings. The filing shows a grant of 210.48 Phantom Units, each tied 1-for-1 to Fuller common stock, at a reference price of $59.88 per unit under a deferred compensation plan. After this award, he holds 59,508 shares of common stock directly, along with various restricted stock units and employee stock options with exercise prices ranging from about $45.05 to $77.72 per share. This Form 4 reflects routine, compensation-related equity awards rather than any open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 210.48 shares
Grant/Award
15 txns
Insider
Corkrean John J
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 210.48 | $59.88 | $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 — 34,227.75 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: 210.48 units
Phantom Unit reference price: $59.88 per unit
Total Phantom Units after grant: 34,227.75 units
+5 more
8 metrics
Phantom Units granted
210.48 units
Grant to CFO John J. Corkrean
Phantom Unit reference price
$59.88 per unit
Phantom Units tied to common stock
Total Phantom Units after grant
34,227.75 units
CFO Phantom Unit balance
Common shares held
59,508 shares
Direct ownership after reported transactions
Stock options at $77.72
24,774 underlying shares
Employee Stock Option expiring 2034-01-26
Stock options at $59.81
39,347 underlying shares
Employee Stock Option expiring 2036-01-26
Restricted Stock Units 2028 expiry
2,952.19 underlying shares
RSUs expiring 2028-01-27
Restricted Stock Units 2029 expiry
5,848.80 underlying shares
RSUs expiring 2029-01-26
Key Terms
Phantom Units, Key Employee Deferred Compensation Plan, Restricted Stock Units, dividend equivalent feature, +1 more
5 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.
Key Employee Deferred Compensation Plan financial
"upon the earlier of certain termination events as specified in the Key Employee Deferred Compensation Plan"
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.
dividend equivalent feature financial
"Amount includes stock units acquired pursuant to a dividend equivalent feature."
Employee Stock Option (Right-to-Buy) financial
"Employee Stock Option (Right-to-Buy) underlying security title Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FUL CFO John Corkrean report?
John J. Corkrean reported receiving a grant of 210.48 Phantom Units tied 1-for-1 to FULLER H B CO common stock at a reference price of $59.88, updating his equity-based compensation holdings.
What are the key terms of the Phantom Units granted to FUL’s CFO?
The 210.48 Phantom Units convert into Fuller common stock on a 1-for-1 basis. They are issued under a Key Employee Deferred Compensation Plan and are linked to a reference price of $59.88 per unit according to the disclosure.
What stock options does FUL CFO John Corkrean currently hold?
Corkrean holds several employee stock options on Fuller common stock, including grants such as 24,774 shares at $77.72, 39,347 shares at $59.81, and 48,309 shares at $48.35, each with long-dated expiration schedules extending into the 2030s.
How do FUL restricted stock units held by the CFO vest?
The restricted stock units held by the CFO generally vest in three annual installments of 33%, 33%, and 34%, converting into Fuller common shares on a 1-for-1 basis, as described in the vesting footnotes to the Form 4 filing.
Is this FUL Form 4 an open-market stock purchase or sale?
No, the filing mainly shows a compensation-related grant of Phantom Units and existing holdings of restricted stock units and options. It does not report any open-market purchases or sales of Fuller common stock by the CFO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
