Lauber Charles T 4
Research Summary
AI-generated summary
FULLER H B CO Director Charles T. Lauber Exercises Options
What Happened
- Charles T. Lauber, a director of FULLER H B CO (FUL), executed a conversion/exercise of derivative securities on 2026-01-24. The filing shows 1,351 shares acquired at $60.07 each (total $81,155) and a simultaneous disposition of 1,351 shares at the same price (total $81,155). The transaction is reported under Form 4 code M (exercise or conversion of a derivative security).
Key Details
- Transaction date: January 24, 2026
- Price per share: $60.07; total value shown: $81,155 (for both the acquired and disposed line items)
- Shares acquired: 1,351; shares disposed: 1,351
- Shares owned after transaction: Not specified in the provided filing excerpt
- Footnotes of note:
- F1/F2: These restricted stock units convert into common shares on a 1-for-1 basis.
- F3: Some units convert upon retirement, death, disability or specified events, subject to holding periods.
- F4: Amounts may include stock units from a dividend-equivalent feature of the Directors' Deferred Compensation Plan.
- Filing timeliness: Report filed 2026-01-27 — within the typical two business days required for Form 4 filings (timely).
Context
- This filing shows a conversion/exercise of derivative units and an immediate disposition of the same number of shares. The Form 4 does not state the reason for the disposition; such paired entries commonly reflect conversions followed by sales (for example, to cover withholding or to take cash proceeds), but the filing itself does not disclose motivation.