East James J. 4
Research Summary
AI-generated summary
FULLER H B (FUL) EVP James J. East Exercises/Converts 870 Shares
What Happened
- James J. East, Executive Vice President (HHC) of Fuller H. B. Co. (FUL), had 870 derivative units convert/exercise into common stock on 2026-01-27. The conversion is reported at $59.81 per share, a total value of $52,035.
- Of the 870 shares issued, 192 shares were disposed/withheld to satisfy tax withholding obligations, reported at the same per-share price for a tax withholding value of $11,484.
- This filing reflects a conversion/exercise event (derivative/RSU activity) rather than an open-market purchase or a straightforward sale to express investment sentiment.
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (timely filing).
- Price: $59.81 per share; total value of converted shares: $52,035; tax withholding: 192 shares = $11,484.
- Codes: M = exercise/conversion of derivative; F = shares withheld/used to pay tax liability.
- Footnotes of note: F1 — shares withheld for taxes; F3 — these restricted stock units convert 1-for-1 into common stock; F4 — such RSUs vest in three annual installments (33%, 33%, 34%).
- Shares owned after the transaction are not provided in the excerpt supplied.
Context
- This appears to be a conversion/vesting event (restricted stock units or similar) with a portion of shares withheld to cover taxes — a common, routine occurrence for equity compensation. It is different from an open-market sale that might indicate a change in investment view.