Martsching Robert J 4
4 · FULLER H B CO · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
FULLER H B (FUL) VP Robert Martsching Exercises Options
What Happened
Robert J. Martsching, VP & Corporate Controller of Fuller H. B. Co. (FUL), exercised stock derivatives on 2026-01-24. He acquired a total of 652 shares (440 + 195 from option exercises, plus a 17-share award) at $60.07 per share (gross value ≈ $39,166). To cover tax obligations, 219 shares (56 + 163) were withheld/disposed, leaving a net addition of 433 shares to his holdings (net value ≈ $26,011 at the exercise price). The filing shows the exercise entries both as acquired (M) and reflected the withheld shares as dispositions (F), consistent with tax-withholding on option exercises.
Key Details
- Transaction date: 2026-01-24; Filing date: 2026-01-27 (no indication in the provided data that the Form 4 was late).
- Prices and values: exercised at $60.07 per share; gross acquisition value ≈ $39,166; shares withheld for taxes value ≈ $13,155; net value retained ≈ $26,011.
- Share counts: gross acquired 652 shares (440 + 195 + 17); withheld/disposed 219 shares (56 + 163); net retained 433 shares.
- Relevant footnotes: F2 = shares withheld for taxes on the 195-share issuance; F3 = shares withheld for taxes on the 457-share issuance (457 = 440 + 17).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Transaction codes: M = option exercise/conversion; A = award/grant; F = shares withheld/paid for taxes.
Context
- This was an option exercise with a portion of shares withheld to satisfy tax liabilities (common practice). That withholding is a disposition for tax purposes and not necessarily an indication of a bearish view.
- Exercises and awards increase insider shareholdings (here net +433 shares). No 10%‑owner or gift treatment applies based on the provided details.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-01-24$60.07/sh+440$26,431→ 15,723.307 total - Exercise/Conversion
Common Stock
2026-01-24$60.07/sh+195$11,714→ 15,918.307 total - Award
Common Stock
[F1]2026-01-24$60.07/sh+17$1,021→ 15,935.307 total - Tax Payment
Common Stock
[F2]2026-01-24$60.07/sh−56$3,364→ 15,879.307 total - Tax Payment
Common Stock
[F3][F4]2026-01-24$60.07/sh−163$9,791→ 15,716.307 total - Exercise/Conversion
Performance Stock Units
[F5]2026-01-24$60.07/sh−440$26,431→ 0 totalExercise: $0.00From: 2026-01-24Exp: 2026-01-24→ Common Stock (440 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F7]2026-01-24$60.07/sh−195$11,714→ 0 totalExercise: $0.00From: 2024-01-24Exp: 2026-01-24→ Common Stock (195 underlying)
- 8,791
Employee Stock Option (Right-to-Buy)
[F8]Exercise: $45.05From: 2020-01-24Exp: 2029-01-24→ Common Stock (8,791 underlying) - 8,173
Employee Stock Option (Right-to-Buy)
[F8]Exercise: $48.35From: 2021-01-24Exp: 2030-01-24→ Common Stock (8,173 underlying) - 7,582
Employee Stock Option (Right-to-Buy)
[F8]Exercise: $50.10From: 2018-01-26Exp: 2027-01-26→ Common Stock (7,582 underlying) - 6,088
Employee Stock Option (Right-to-Buy)
[F8]Exercise: $51.89From: 2022-01-27Exp: 2031-01-27→ Common Stock (6,088 underlying) - 7,336
Employee Stock Option (Right-to-Buy)
[F8]Exercise: $53.57From: 2019-01-25Exp: 2028-01-25→ Common Stock (7,336 underlying) - 4,606
Employee Stock Option (Right-to-Buy)
[F9]Exercise: $64.28From: 2026-01-27Exp: 2035-01-27→ Common Stock (4,606 underlying) - 3,346
Employee Stock Option (Right-to-Buy)
[F8]Exercise: $68.17From: 2024-01-24Exp: 2033-01-24→ Common Stock (3,346 underlying) - 3,629
Employee Stock Option (Right-to-Buy)
[F8]Exercise: $72.94From: 2023-01-24Exp: 2032-01-24→ Common Stock (3,629 underlying) - 3,096
Employee Stock Option (Right-to-Buy)
[F9]Exercise: $77.72From: 2025-01-26Exp: 2034-01-26→ Common Stock (3,096 underlying) - 2,824.63
Phantom Units
[F10][F11][F12]Exercise: $0.00→ Common Stock (2,824.63 underlying) - 358.48
Restricted Stock Units
[F6][F7][F13]Exercise: $0.00From: 2025-01-26Exp: 2027-01-26→ Common Stock (358.48 underlying) - 818.85
Restricted Stock Units
[F6][F7][F13]Exercise: $0.00From: 2026-01-27Exp: 2028-01-27→ Common Stock (818.85 underlying)
Footnotes (13)
- [F1]This amount reflects the number of shares acquired pursuant to dividend accruals during the vesting period.
- [F10]These units (acquired after 12-31-04) convert into shares of common stock on a 1-for-1 basis.
- [F11]These units (acquired after 12-31-04) convert into shares of common stock upon the earlier of certain termination events as specified in the Key Employee Deferred Compensation Plan or such earlier date as selected by the participant, subject to holding periods required by law.
- [F12]Amount includes stock units acquired pursuant to a dividend equivalent feature.
- [F13]Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.
- [F2]Shares withheld for taxes due on 195 shares issued.
- [F3]Shares withheld for taxes due on 457 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.