H.B. Fuller (FUL) VP converts RSUs and PSUs, withholds shares for taxes
Rhea-AI Filing Summary
H.B. Fuller senior vice president Joao Magalhaes reported multiple equity transactions on January 24, 2026. He converted 293 performance stock units and 130 restricted stock units into common shares at a reference price of $60.07 per share, consistent with the 1‑for‑1 conversion terms for these awards. He also acquired 11 additional common shares from dividend accruals during the vesting period.
To cover taxes on the shares issued, 62 and 144 common shares were withheld, leaving Magalhaes with 3,513 common shares held directly after the transactions. He also continues to hold several fully vested employee stock options and additional restricted stock units that will vest in three annual installments beginning on specified grant dates, providing potential future common stock if exercised or when vesting completes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 293 | $60.07 | $18K |
| Exercise | Restricted Stock Units | 130 | $60.07 | $8K |
| Exercise | Common Stock | 293 | $60.07 | $18K |
| Exercise | Common Stock | 130 | $60.07 | $8K |
| Grant/Award | Common Stock | 11 | $60.07 | $660.77 |
| Tax Withholding | Common Stock | 62 | $60.07 | $4K |
| Tax Withholding | Common Stock | 144 | $60.07 | $9K |
| 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 | -- | -- | -- |
Footnotes (1)
- This amount reflects the number of shares acquired pursuant to dividend accruals during the vesting period. Shares withheld for taxes due on 130 shares issued. Shares withheld for taxes due on 304 shares issued. These performance stock units convert into shares of common stock on a 1-for-1 basis. 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. This option is 100% vested. This option vests 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.
FAQ
What insider transaction did H.B. Fuller (FUL) executive Joao Magalhaes report?
Joao Magalhaes, Sr. VP, Engineering Adhesives at H.B. Fuller, reported converting 293 performance stock units and 130 restricted stock units into common stock on January 24, 2026, at a reference price of $60.07 per share.
What do the tax withholding transactions mean in Joao Magalhaes’s H.B. Fuller Form 4?
The Form 4 shows 62 shares and 144 shares of H.B. Fuller common stock withheld (coded "F") at $60.07 per share. The footnotes explain these were shares withheld to cover taxes due on shares issued from equity awards.
What is the significance of the performance stock units and restricted stock units for H.B. Fuller executive Joao Magalhaes?
The filing notes that performance stock units and restricted stock units each convert into H.B. Fuller common stock on a 1‑for‑1 basis. Some restricted stock units vest in three annual installments of 33%, 33%, and 34%, beginning on the stated dates, creating scheduled future share delivery if employment conditions are met.
Does Joao Magalhaes hold any H.B. Fuller stock options after these Form 4 transactions?
Yes. The Form 4 lists multiple employee stock options (right-to-buy) on H.B. Fuller common stock that remain outstanding and are 100% vested or vest in three annual installments as described in the footnotes. These options give him the right to buy shares at specified exercise prices until their expiration dates.
Were Joao Magalhaes’s H.B. Fuller transactions direct or through another entity?
All reported holdings and transactions in the Form 4 are marked as direct (D) ownership, with no indication that they are held through a separate entity or that he disclaims beneficial ownership.