Du Xinyu 4

What Happened Du Xinyu, Senior Vice President, Global R&D at Fuller H.B. (FUL), exercised stock-based derivatives on 2026-01-24 and received a small award. She acquired a total of 541 shares (374 + 162 shares from option/conversion exercises, plus 5 shares from an award) at $60.07 per share (gross value ≈ $32,497). To cover taxes/exercise obligations, 166 shares were withheld (50 + 116), leaving a net retention of about 375 shares (net value ≈ $22.5k). The filing shows the derivative instruments were converted/ disposed in connection with the exercise.

Key Details

• Transaction date: January 24, 2026; filing date: January 27, 2026 (Form 4 accession 0001225208-26-000922).
• Prices and values: exercises and award at $60.07/share; gross acquired value ≈ $32,497; shares withheld value ≈ $9,972.
• Shares acquired: 541 total (374 + 162 exercised; 5 awarded). Shares withheld for taxes/exercise: 166 (50 + 116). Net shares retained ≈ 375.
• Notable footnotes from the filing:
  • F2/F3: shares were withheld to satisfy tax obligations.
  • F4/F5: performance/restricted stock units convert into common stock on a 1-for-1 basis.
  • F6/F8: certain RSUs/options vest in multi-year installments.
  • F7: one option is noted as 100% vested.
  • F9: some RSUs include dividend-equivalent reinvestment.
• Shares owned after the transaction are not specified in the provided excerpt.

Context This was primarily an exercise/conversion of derivative awards with shares withheld to pay taxes—a common, administrative (cashless) outcome rather than an open-market sale or purchase. The filing does not include a 10% owner flag or a 10b5-1 plan note. These kinds of exercises are routine for employees receiving equity compensation and do not by themselves indicate insider sentiment about the company.