Lorenz Laura J 4

What Happened
Laura J. Lorenz, Senior Vice President, HR & Communication at FULLER H B CO (FUL), exercised/converted derivative awards on January 27, 2026 to acquire 1,620 shares at $59.81 per share (gross value $96,892). To cover tax liabilities, 584 of those shares were withheld (worth $34,929), leaving a net issuance of 1,036 shares to Ms. Lorenz (net value ~ $61,963). There was no open-market sale reported — the disposals were tax withholdings.

Key Details

• Transaction date: 2026-01-27; filing date: 2026-01-29 (timely).
• Price per share: $59.81.
• Gross acquired: 1,620 shares (61,006 + 35,886 = $96,892).
• Shares withheld for taxes: 584 shares (217 and 367 shares; total $34,929).
• Net shares delivered: 1,036 (1,620 − 584), net value ≈ $61,963.
• Codes: M = exercise/conversion of derivative; F = shares withheld to satisfy tax liability.
• Relevant footnotes: F1/F2 — shares withheld for taxes; F3 — RSUs convert 1-for-1 to common stock; F4/F6 — awards/options vest in three annual installments; F5 — includes dividend-equivalent reinvestment.
• Shares owned after the transaction are not specified in the provided filing.

Context
This was effectively a conversion/exercise event with shares withheld to cover taxes (a common, routine administrative step), not an open-market sale. For retail investors, purchases or net share increases (as here) can be more informative than sales, but tax-withholding activity does not necessarily indicate any change in the insider’s view of the company. The filing does not indicate a 10% owner or any 10b5-1 plan; no late filing was reported.