Malik Muhammad Shahbaz 4

4 · FULLER H B CO · Filed Jan 28, 2026

AI-generated summary of this filing

Updated Jan 29, 2026

FULLER H B Co (FUL) SVP Malik Shahbaz Exercises Options, Receives Awards

What Happened

Malik Muhammad Shahbaz, Senior Vice President (BAS) of FULLER H B Co (FUL), exercised options and received restricted‑stock awards on Jan 26, 2026. He acquired 606 shares via option exercise at $60.07 (value $36,402) and was granted 16,863 shares with a reported value of $59.81 each (value $1,008,576). An additional 2,487 restricted stock units were issued at $0.00 (likely dividend‑related). Total shares acquired reported = 19,956; total reported value (excluding the zero‑cost units) ≈ $1,044,978. To cover tax obligations, 215 shares were withheld (disposed) valued at $12,915.

Key Details

Transaction date: January 26, 2026; Form 4 filed January 28, 2026 (appears filed within the usual two‑business‑day window).
Exercise price / reported values: options at $60.07 per share; award fair value shown at $59.81 per share.
Reported share movements: +606 (exercise), +16,863 (grant/award), +2,487 (RSUs at $0.00); -215 shares withheld for taxes.
Shares owned after transaction: not stated in the filing.
Notable footnotes from the filing:
- F1: 215 shares were withheld to cover taxes on the 606 shares issued.
- F2/F6: Some amounts include shares/RSUs acquired under dividend reinvestment or dividend equivalent features.
- F3/F5: Grants/awards/options generally vest in three annual installments (33%, 33%, 34%).
- F4: RSUs convert to common stock on a 1‑for‑1 basis.
- F7: The option in question is 100% vested.

Context

This was primarily an acquisition event (option exercise + awards). The withholding of 215 shares to cover taxes is a routine tax‑withholding disposition and is noted on the filing — it is not an open‑market sale intended as a liquidity move. For options exercises, withholding or selling some shares to cover exercise/tax costs is common and effectively makes part of the exercise cashless. No 10% owner or gift reporting issues are indicated.

Form 4

Period: 2026-01-26

Senior VP, BAS

Transactions

Exercise/Conversion
Common Stock
2026-01-26$60.07/sh+606$36,402→ 13,504 total
Tax Payment
Common Stock
[F1][F2]
2026-01-26$60.07/sh−215$12,915→ 13,289 total
Award
Employee Stock Option (Right-to-Buy)
[F3]
2026-01-26$59.81/sh+16,863$1,008,576→ 16,863 total
Exercise: $59.81From: 2027-01-26Exp: 2036-01-26→ Common Stock (16,863 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F5][F6]
2026-01-26$60.07/sh−606$36,402→ 626.58 total
Exercise: $0.00From: 2025-01-26Exp: 2027-01-26→ Common Stock (606 underlying)
Award
Restricted Stock Units
[F4][F5]
2026-01-26+2,487→ 2,487 total
Exercise: $0.00From: 2027-01-26Exp: 2029-01-26→ Common Stock (2,487 underlying)

Holdings

Employee Stock Option (Right-to-Buy)
[F7]
Exercise: $48.35From: 2021-01-24Exp: 2030-01-24→ Common Stock (4,115 underlying)
4,115
Employee Stock Option (Right-to-Buy)
[F7]
Exercise: $51.89From: 2022-01-27Exp: 2031-01-27→ Common Stock (16,605 underlying)
16,605
Employee Stock Option (Right-to-Buy)
[F3]
Exercise: $64.28From: 2026-01-27Exp: 2035-01-27→ Common Stock (10,237 underlying)
10,237
Employee Stock Option (Right-to-Buy)
[F7]
Exercise: $68.17From: 2024-01-24Exp: 2033-01-24→ Common Stock (10,141 underlying)
10,141
Employee Stock Option (Right-to-Buy)
[F7]
Exercise: $72.94From: 2023-01-24Exp: 2032-01-24→ Common Stock (10,448 underlying)
10,448
Employee Stock Option (Right-to-Buy)
[F3]
Exercise: $77.72From: 2025-01-26Exp: 2034-01-26→ Common Stock (10,698 underlying)
10,698
Restricted Stock Units
[F4][F5][F6]
Exercise: $0.00From: 2026-01-27Exp: 2028-01-27→ Common Stock (1,820.56 underlying)
1,820.56

Footnotes (7)

[F1]Shares withheld for taxes due on 606 shares issued.
[F2]Amount includes shares acquired pursuant to a dividend reinvestment plan.
[F3]This option vests in three annual installments (33%, 33%, and 34%) beginning on the date shown.
[F4]These restricted stock units convert into shares of common stock on a 1-for-1 basis.
[F5]These restricted stock units vest in three annual installments (33%, 33%, and 34%) beginning on the date shown.
[F6]Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.
[F7]This option is 100% vested.

Signature

/s/ Patrick J. Seul, Attorney-in-Fact|2026-01-28

1 file