Campe Heather 4

What Happened

• Heather Campe, Senior Vice President, International Growth at FULLER H B (FUL), exercised option/derivative awards on 2026-01-24 and received an award grant. She acquired 1,415 and 625 shares via exercise (total 2,040 shares) at an exercise price of $60.07 per share, and received an additional 56 shares as an award — 2,096 shares acquired in total. The gross value reported for those acquisitions (exercise cost/award value) is about $125,907.
• The filing also records shares disposed/withheld to cover tax liabilities and the conversion/termination of the derivative instruments. Specifically, 193 and 452 shares were disposed (withheld) to cover taxes/exercise costs (total 645 shares); the filing also records the converted/terminated derivatives corresponding to the 1,415- and 625-share exercises.

Key Details

• Transaction date: 2026-01-24; Filing date: 2026-01-27 (no late-filing flag indicated).
• Exercise price / reported per-share amount: $60.07.
• Shares acquired: 1,415 + 625 (exercised) + 56 (award) = 2,096 shares; gross reported amount ≈ $125,907.
• Shares disposed / withheld: 193 + 452 = 645 shares withheld/disposed to cover taxes/exercise costs (reported values ≈ $11,594 and $27,152).
• Derivative conversion: The filing shows corresponding derivative (option) dispositions for 1,415 and 625 units — these reflect the options being exercised/converted.
• Notable footnotes: F2 and F3 reference shares withheld for taxes (F2: shares withheld on 625 shares issued; F3: shares withheld on 1,471 shares issued). The form indicates tax withholding/share-for-share treatment related to the exercises.
• Shares owned after the transaction: Not specified in the provided filing data.

Context

• This is an option exercise combined with a small award and appears to be a sell-to-cover / shares-withheld-for-taxes transaction: part of the shares issued from the exercise were withheld to satisfy tax and/or exercise-cost obligations rather than being sold on the open market.
• Exercises and award receipts are routine insider actions to realize stock-based compensation and are not, by themselves, a clear bullish or bearish signal. There is no indication here of an open-market sale for investment purposes; the disposals recorded are to cover taxes/exercise obligations.