Du Xinyu 4

What Happened

• Du Xinyu, Senior Vice President, Global R&D at Fuller H. B. Co. (FUL), exercised/converted derivative awards on Jan 27, 2026. The filing shows 448 shares were acquired at $59.81 per share (value $26,795). To satisfy tax obligations, 134 shares were withheld (value $8,015). The report also shows 448 shares disposed (derivative), as recorded on the same date.

Key Details

• Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (timely within the usual 2-business-day window).
• Prices: $59.81 per share for the reported transactions.
• Reported amounts/value: 448 shares acquired = $26,795; 134 shares withheld for taxes = $8,015; 448 shares listed as disposed = $26,795.
• Net change in reported beneficial ownership (based on these lines): a decrease of 134 shares (448 acquired − 134 withheld − 448 disposed = −134). The filing excerpt does not state total shares owned after the transactions.
• Footnotes of note:
  • F1: 134 shares were withheld to cover taxes on 448 shares issued.
  • F2–F4: Restricted stock units (RSUs) convert 1-for-1, vest in three annual installments, and include dividend-equivalent reinvestment features.
  • F5–F6: Notes about option vesting (one option 100% vested; another vests in three installments).
• No indication in the filing that this was part of a 10b5-1 plan or that the Form 4 filing was late.

Context

• The filing shows an exercise/conversion of derivatives and shares withheld for taxes. When shares are withheld or disposed in the same transaction, that commonly reflects withholding or sale to cover taxes or exercise costs (a cashless-type settlement); the filing itself records the mechanics but does not state motivation.
• Purchases/exercises increase potential ownership but, when followed by share dispositions or withholding, can result in little or no net new shares retained by the insider. For retail investors, exercises followed mainly by withholding/sales are generally routine tax/settlement activity rather than a clear bullish purchase signal.