Corkrean John J 4
Research Summary
AI-generated summary
H.B. Fuller CFO John Corkrean Receives 2,943-Share Award
What Happened
John J. Corkrean, Executive Vice President and Chief Financial Officer of H.B. Fuller (FUL), was granted 2,943 performance stock units on Jan. 20, 2026. The award is recorded as a derivative grant with an acquisition price of $0 (no cash paid). These performance stock units convert into common shares on a 1-for-1 basis upon vesting and are contingent on performance metrics.
Key Details
- Transaction date: 2026-01-20; Form 4 filed: 2026-01-22.
- Grant type: Performance stock units (derivative award), 2,943 units, acquisition price $0.
- Vesting/settlement: Footnote F2 — each unit represents a contingent right to one share on vesting date of Jan. 24, 2026; the reported amount reflects an 80% payout level for the return-on-invested-capital (ROIC) performance metric. Footnote F1 notes these PSUs convert 1-for-1 into common shares.
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: No indication of a late filing in the supplied data (filed two days after the transaction).
Context
This was a compensation award (not an open-market purchase or sale). Performance stock unit grants are common executive compensation tied to future performance and do not represent immediate cash proceeds or a sale of shares. These awards can become share ownership if performance and vesting conditions are met.