Magalhaes Joao 4
Research Summary
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H.B. Fuller (FUL) Sr. VP Joao Magalhaes Receives Award of 293 PSUs
What Happened Joao Magalhaes, Senior Vice President, Engineering — Adhesives at H.B. Fuller, received a grant of 293 performance stock units (PSUs) on 2026-01-20. The units are recorded at $0.00 (no cash purchase) and are derivative awards that may convert into common shares if vesting/performance conditions are met.
Key Details
- Transaction date: January 20, 2026; Form filed January 22, 2026 (timely filing).
- Award: 293 performance stock units (PSUs) @ $0.00; reported value $0.
- Vesting/performance: PSUs convert 1-for-1 into common shares on vesting (F1). These units are contingent rights to receive shares on the vesting date January 24, 2026 and reflect H.B. Fuller achieving ROIC payout at 80% of target (F2).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Transaction type: Award/Grant (derivative), not a purchase or sale.
Context Performance stock units are compensation awards contingent on meeting performance/vesting criteria; they do not represent immediately tradable shares. This grant reflects compensation/retention rather than an open-market purchase or sale and should be viewed accordingly.