Malik Muhammad Shahbaz 4

4 · FULLER H B CO · Filed Jan 27, 2026

AI-generated summary of this filing

Updated Jan 27, 2026

FULLER H B (FUL) Senior VP Malik Shahbaz Exercises Options

What Happened

Malik Muhammad Shahbaz, Senior Vice President (BAS) of FULLER H B Co. (FUL), exercised stock derivatives on Jan 24, 2026 and received a small award.
Transactions reported: exercised/conversion of derivatives for 1,337 shares (valued $80,314) and 591 shares (valued $35,874), plus a grant/award of 52 shares (valued $3,124). Gross value of shares issued ≈ $119,312.
To cover exercise price and tax liabilities, a total of 703 shares were withheld/disposed (210 and 493 shares; cash value reported $12,615 and $29,615 respectively). After withholding, the net shares added to his holdings were about 1,277 (1,980 issued − 703 withheld).
The filing also shows the related derivative instruments were converted (i.e., the options were exercised).

Key Details

Transaction date: January 24, 2026; Form 4 filed January 27, 2026.
Prices/values shown: 1,337 shares @ $60.07 ($80,314); 591 shares @ $60.70 ($35,874); 52 shares @ $60.07 ($3,124). Tax/withholding dispositions totaled $42,230.
Net shares received (after withholding for taxes/exercise): ≈1,277 shares.
Relevant footnotes: F2 = shares withheld for taxes on 591 shares issued; F3 = shares withheld for taxes on 1,389 shares issued (1,337 + 52). These indicate the withholding was used to satisfy tax/exercise obligations.
The filing does not show an open-market sale; shares were withheld as part of the exercise (a cashless/withholding mechanism, not a market sale).
Filing date: Form 4 filed Jan 27 reporting Jan 24 transactions. No late-filing flag provided in the supplied data.

Context

For retail investors: this is primarily an option exercise/award and routine tax withholding, not an open-market sale that signals immediate monetization. The key takeaway is the insider increased his stake (net ≈1,277 shares) via exercising options and receiving RSUs, with portions withheld to cover taxes and exercise costs.
Derivative entries on Form 4 reflect conversion of option instruments into shares (standard for exercises) — not necessarily separate sales.

Form 4

Period: 2026-01-24

Senior VP, BAS

Transactions

Exercise/Conversion
Common Stock
2026-01-24$60.07/sh+1,337$80,314→ 12,958 total
Exercise/Conversion
Common Stock
2026-01-24$60.70/sh+591$35,874→ 13,549 total
Award
Common Stock
[F1]
2026-01-24$60.07/sh+52$3,124→ 13,601 total
Tax Payment
Common Stock
[F2]
2026-01-24$60.07/sh−210$12,615→ 13,391 total
Tax Payment
Common Stock
[F3][F4]
2026-01-24$60.07/sh−493$29,615→ 12,898 total
Exercise/Conversion
Performance Stock Units
[F5]
2026-01-24$60.07/sh−1,337$80,314→ 0 total
Exercise: $0.00From: 2026-01-24Exp: 2026-01-24→ Common Stock (1,337 underlying)
Exercise/Conversion
Restricted Stock Units
[F6][F7]
2026-01-24$60.07/sh−591$35,501→ 0 total
Exercise: $0.00From: 2024-01-24Exp: 2026-01-24→ Common Stock (591 underlying)

Holdings

Employee Stock Option (Right-to-Buy)
[F8]
Exercise: $48.35From: 2021-01-24Exp: 2030-01-24→ Common Stock (4,115 underlying)
4,115
Employee Stock Option (Right-to-Buy)
[F8]
Exercise: $51.89From: 2022-01-27Exp: 2031-01-27→ Common Stock (16,605 underlying)
16,605
Employee Stock Option (Right-to-Buy)
[F9]
Exercise: $64.28From: 2026-01-27Exp: 2035-01-27→ Common Stock (10,237 underlying)
10,237
Employee Stock Option (Right-to-Buy)
[F8]
Exercise: $68.17From: 2024-01-24Exp: 2033-01-24→ Common Stock (10,141 underlying)
10,141
Employee Stock Option (Right-to-Buy)
[F8]
Exercise: $72.94From: 2023-01-24Exp: 2032-01-24→ Common Stock (10,448 underlying)
10,448
Employee Stock Option (Right-to-Buy)
[F9]
Exercise: $77.72From: 2025-01-26Exp: 2034-01-26→ Common Stock (10,698 underlying)
10,698
Restricted Stock Units
[F6][F7][F10]
Exercise: $0.00From: 2025-01-26Exp: 2027-01-26→ Common Stock (1,232.58 underlying)
1,232.58
Restricted Stock Units
[F6][F7][F10]
Exercise: $0.00From: 2026-01-27Exp: 2028-01-27→ Common Stock (1,820.56 underlying)
1,820.56

Footnotes (10)

[F1]This amount reflects the number of shares acquired pursuant to dividend accruals during the vesting period.
[F10]Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.
[F2]Shares withheld for taxes due on 591 shares issued.
[F3]Shares withheld for taxes due on 1,389 shares issued.
[F4]Amount includes shares acquired pursuant to a dividend reinvestment plan.
[F5]These performance stock units convert into shares of common stock on a 1-for-1 basis.
[F6]These restricted stock units convert into shares of common stock on a 1-for-1 basis.
[F7]These restricted stock units vest in three annual installments (33%, 33%, and 34%) beginning on the date shown.
[F8]This option is 100% vested.
[F9]This option vests in three annual installments (33%, 33%, and 34%) beginning on the date shown.

Signature

/s/ Patrick J. Seul, Attorney-in-Fact|2026-01-27

1 file