Magalhaes Joao 4

What Happened
Joao Magalhaes, Senior Vice President, Engineering — Adhesives at Fuller H B Co (FUL), exercised stock option/derivative awards on January 24, 2026. He exercised two option lots (293 and 130 shares) at $60.07 per share (aggregate values reported as $17,601 and $7,809) and received an 11-share award valued at $661. To cover taxes/exercise obligations, portions of the shares were disposed/withheld (see details below). Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax withholding; A = award/grant.

Key Details

• Transaction date: 2026-01-24; exercise/award price reported at $60.07 per share.
• Exercises: 293 shares ($17,601) and 130 shares ($7,809) — total exercised = 423 shares.
• Award: 11 shares ($661) reported as acquired (grant/award).
• Withheld/disposed for tax/exercise: 62 shares ($3,724) and 144 shares ($8,650). The exercised 293 and 130-share entries are also listed as dispositions (derivative), consistent with shares being used to satisfy payment/tax obligations.
• Footnotes of interest: F2/F3 indicate shares were withheld to meet tax liabilities on issued shares; F4–F6/F7–F9 describe conversion/vesting mechanics for various awards/options (1-for-1 conversion, staged vesting, dividend reinvestment) but do not change the reported counts here.
• Shares owned after the transactions: not specified in the provided filing details.
• Filing date: 2026-01-27 for transactions on 2026-01-24; the filing does not indicate a late-filing flag.

Context
This filing shows an options exercise with simultaneous share dispositions/withholding to cover taxes and/or exercise costs (a common cashless exercise/tax-withholding practice). These entries document internal option/award activity and tax-related share withholding rather than an open-market purchase or sale that signals immediate trading intent.