Corkrean John J 4
Research Summary
AI-generated summary
Fuller H.B. (FUL) CFO John Corkrean Exercises Options
What Happened
- John J. Corkrean, Executive Vice President and Chief Financial Officer of Fuller H. B. Co. (FUL), exercised stock-based derivatives and received an equity award on Jan 24, 2026. He converted 4,244 derivative units into common shares (2,943 + 1,301) at $60.07 per share (total value $254,937) and was granted 116 shares at $60.07 (value $6,968). Gross value of shares acquired was $261,905.
- To cover exercise costs and tax liabilities, 1,470 shares were surrendered/withheld (465 and 1,005 shares, total value $88,303). Net new shares received after withholding: 2,890.
Key Details
- Transaction date: 2026-01-24; filing date: 2026-01-27.
- Prices: $60.07 per share for all reported items.
- Specifics: Exercised derivatives (code M) for 2,943 and 1,301 shares; award/grant (code A) of 116 shares; shares withheld to pay exercise price/taxes (code F) of 465 and 1,005 shares.
- Footnotes: F2 and F3 indicate shares were withheld to satisfy tax obligations on issued shares. Other footnotes on the filing describe dividend-equivalent treatment and conversion mechanics for deferred/awarded units.
- Shares owned after the transaction are not specified in the provided summary of the filing; net increase from these events is 2,890 shares (4,360 acquired minus 1,470 withheld).
Context
- These transactions reflect exercising company awards and an award grant, not an open-market purchase or a sale to diversify holdings. The withholding of shares to cover taxes/exercise costs is a common, non-cash way executives satisfy tax liabilities (often called a cashless or share-withholding method).
- Derivative “disposed” lines in the filing reflect the cancellation/conversion of the exercised options. The filing was submitted on Jan 27, 2026; no late-filing indication is noted in the record provided.