Magalhaes Joao 4

What Happened

• Joao Magalhaes, Senior Vice President, Engineering Adhesives at Fuller H B Co, exercised stock options and received restricted stock unit (RSU) awards on 2026-01-26. He exercised 149 option shares at an exercise price of $60.07 (total value shown $8,950). To cover tax obligations, 71 of those shares were withheld (valued at $4,265). Separately, he was granted 12,647 derivative RSUs valued at $59.81 each (total reported value $756,417) and 1,865 RSUs reported at $0 (typical for time-vested RSUs).

Key Details

• Transaction date: 2026-01-26; Form 4 filed: 2026-01-28 (appears timely).
• Option exercise: 149 shares exercised @ $60.07 (value shown $8,950).
• Tax withholding: 71 shares withheld to cover taxes @ $60.07 (value shown $4,265). Footnote F1 explains shares were withheld for taxes.
• Awards: 12,647 RSUs granted @ $59.81 (value $756,417) and 1,865 RSUs granted at $0 (derivative RSUs).
• Vesting/other footnotes: some options/awards vest in three annual installments (33%/33%/34%) (F2, F4); RSUs convert 1-for-1 to common stock (F3); some awards include dividend-equivalent reinvestment (F5); one option noted as 100% vested (F6).
• Shares owned after the transactions: not specified in the excerpt provided.

Context

• This filing shows an option exercise combined with issuance of RSUs (acquisitions). The tax withholding (share surrender) is a routine disposition to satisfy tax obligations and does not necessarily indicate a market view. The larger economic action here is the RSU grant (reported at roughly $756K), which is an acquisition/compensation event rather than an open-market purchase.