Martsching Robert J 4

What Happened
Robert J. Martsching, VP and Corporate Controller of FULLER H B CO (FUL), was granted equity and exercised options on 2026-01-26. He was awarded 6,323 derivative-based share units valued at $59.81 each (total ≈ $378,179) and 932 units that converted into common shares at $0.00 (likely RSU conversion). He also exercised 176 option shares at $60.07 (value ≈ $10,572). To satisfy tax withholding on the exercise, 51 shares were withheld (disposed) for taxes.

Key Details

• Transaction date: 2026-01-26; Form 4 filed 2026-01-28 (filed within the typical two-business-day window).
• Grants/acquisitions: 6,323 units @ $59.81 (≈ $378,179); 932 units @ $0.00 (conversion to shares).
• Option exercise: 176 shares exercised @ $60.07 (≈ $10,572).
• Tax withholding: 51 shares withheld to cover taxes on the exercise (footnote F1).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note: filing indicates shares/units may include dividend equivalents and restricted stock units that convert 1-for-1 and/or vest over multiple years (see footnotes for dividend-equivalent and vesting details).

Context

• The 176-share transaction is an exercise/conversion of derivative securities (code M). The simultaneous withholding of shares for taxes indicates a cashless or net share settlement to cover tax obligations rather than an open-market sale.
• The 6,323 and 932 items are awards/stock unit acquisitions (code A); such awards are typically compensation/retention vehicles (restricted stock units or similar) rather than open-market purchases.
• These filings are informational and factual; awards and option exercises do not necessarily indicate the insider’s market view on the stock.