Malik Muhammad Shahbaz 4

What Happened

• Malik Muhammad Shahbaz, Senior Vice President (BAS) at H.B. Fuller (FUL), was granted 1,337 shares as a derivative award on January 20, 2026. The award is reported at $0.00 per share (no cash paid at grant); it represents performance/restricted-type units that convert into common stock rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (timely within the 2-business-day requirement).
• Amount: 1,337 shares; reported price: $0.00 (award/grant, transaction code A).
• Shares owned after transaction: not specified in the provided excerpt.
• Notable footnotes from the filing: F2/F3 indicate these are performance stock units that convert 1-for-1 into common shares and represent contingent rights to receive shares upon vesting (vesting date noted as January 24, 2026, and the amount reflects an 80% payout of the ROIC performance target). The filing also includes other stock-unit/ dividend-equivalent footnotes describing conversion and vesting mechanics.

Context

• This was a company award (compensation/performance units), not a purchase or sale; no cash changed hands at grant. Performance stock units are contingent on achievement of performance goals and typically convert to shares only if vesting conditions are met—here the filing indicates an 80%-of-target payout tied to return-on-invested-capital.
• Such grants are common in executive compensation and do not by themselves signal insider buying or selling intent.