Mastin Celeste Beeks 4

What Happened

• Mastin Celeste Beeks, President & CEO and Director of FULLER H B CO (FUL), exercised equity awards and received a small grant. On 2026-01-24 she exercised options to acquire 13,746 shares at $60.07 per share (total value $825,722) and was awarded 377 shares at $60.07 (value $22,646). Gross value of shares acquired ≈ $848,368.
• Portions of the shares were withheld to cover taxes: 1,791 shares (≈ $107,585) and 3,937 shares (≈ $236,496) were surrendered/withheld (codes F), totaling 5,728 shares withheld (≈ $344,081). Net increase in her holdings from these transactions = 8,395 shares (13,746 + 377 − 5,728), worth about $504,288 at $60.07.

Key Details

• Transaction date: January 24, 2026; Form 4 filed January 27, 2026 (filed within the SEC’s 2-business-day deadline).
• Price: $60.07 per share for all reported exercises/awards.
• Primary transaction codes: M = exercise/conversion of derivative (options), A = grant/award, F = payment of exercise price/tax withholding.
• Net shares added: 8,395 shares (after tax-withholding). Gross acquired: 14,123 shares; withheld/disposed: 5,728 shares.
• Notable footnotes: F2/F3 indicate shares were withheld for taxes on issued shares; F4/F5 note performance/restricted stock units convert 1-for-1; other footnotes describe vesting schedules, dividend reinvestment, and option vesting. (See filing for full footnote detail.)
• Shares owned after the transaction are not provided in the excerpt.

Context

• This was an option exercise and award receipt, with shares withheld to cover tax obligations — a common “net” or cashless-like settlement practice rather than an open-market sale. The Form shows both the option exercise entries and the withholding/disposition entries; the withholding reduces the net shares delivered to the insider.
• These transactions are routine insider compensation-related activity (exercises and RSU/PSU conversions) and are factual disclosures of changes in holdings rather than explicit statements of market view.