Mastin Celeste Beeks 4

What Happened

• Mastin Celeste Beeks, President & CEO and Director of H.B. Fuller (FUL), was granted 9,533 performance stock units on 2026-01-20. The award is recorded at $0.00 (derivative/award), representing contingent rights rather than an immediate cash transaction.
• These are performance stock units that convert into common shares on a 1-for-1 basis upon vesting; the reported amount reflects achieving 80% of the target payout. Vesting is scheduled for January 24, 2026.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (filed within typical 2-business-day window).
• Transaction type/code: A — Grant/Award (derivative: performance stock units); reported price per unit: $0.00.
• Shares acquired: 9,533 performance stock units (convertible to 9,533 common shares on vesting, if conditions met).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes: F1 (PSUs convert 1-for-1), F2 (each PSU is a contingent right; this grant reflects 80% of target ROIC payout; vesting date 1/24/2026).
• No sale, purchase, or exercise occurred — this is a compensation award, not an open-market trade.

Context

• Performance stock units are contingent awards tied to performance metrics; they do not represent immediately tradable shares until they vest and convert. This grant is typical executive compensation and should not be read as an immediate buy/sell signal.
• Because the award reflects 80% of target, the number granted is a performance-adjusted payout rather than a full-target grant.