Ogunsanya Gregory O. 4

What Happened
Gregory O. Ogunsanya, Senior Vice President, General Counsel and Corporate Secretary of Fuller H. B. Co. (FUL), executed a mix of option exercises and equity awards on January 26, 2026. He exercised options covering 506 shares at an exercise price of $60.07 (gross value ≈ $30,395), with 183 shares withheld to cover taxes (≈ $10,993). On the same date he was also granted 16,863 derivative shares (award valued at about $1,008,576 at $59.81) and an additional 2,487 restricted stock units (RSUs).

Key Details

• Transaction date: 2026-01-26 (Form filed 2026-01-28 — timely)
• Option exercise: 506 shares at $60.07 — gross proceeds/value ≈ $30,395
• Tax withholding: 183 shares withheld to satisfy tax liability — value ≈ $10,993 (footnote F1)
• Grants: 16,863 shares at $59.81 — reported value ≈ $1,008,576 (derivative award); 2,487 RSUs reported at $0 (convert 1-for-1 to common stock; see F3)
• Vesting/conversion notes: option and equity awards vest in installments (see F2, F4); RSUs/PSUs convert 1-for-1 to common stock (F3, F6); amount includes RSUs from dividend-equivalents (F5)
• Shares owned after the transactions: not shown in the provided excerpt
• Filing timeliness: filed two days after the transaction date (appears timely, not late)

Context

• The filing shows an option exercise combined with immediate withholding/sale of shares to cover tax obligations — a common cashless or net-share procedure rather than a pure sale for investment purposes.
• The sizable grant (~$1.01M) is an award of derivative shares (likely restricted or performance-based units) that generally vest over time per the footnotes, so it does not necessarily reflect an immediate increase in free-tradable shares.
• These entries are routine insider equity compensation activity and should be weighed alongside other insider transactions and company disclosures when assessing insider sentiment.