Martsching Robert J 4

What Happened

• Robert J. Martsching, VP & Corporate Controller of Fuller H. B. Co. (FUL), reported exercising or converting a derivative (stock option) into 269 shares on 2026-01-27 at $59.81 per share (total value reported $16,089).
• The filing also shows 77 shares (at $59.81 each, $4,605) were disposed to satisfy tax withholding, and a separate derivative-related disposition of 269 shares at $59.81 (value $16,089) is reported. The net shares retained after these entries are not explicitly stated in the provided data.

Key Details

• Transaction date: 2026-01-27. Exercise price / reported price: $59.81 per share.
• Items reported:
  • M (exercise/conversion): 269 shares acquired — $16,089.
  • F (tax withholding/payment): 77 shares disposed — $4,605 (footnote F1: shares withheld for taxes).
  • M (derivative disposition): 269 shares disposed — $16,089.
• Relevant footnotes: F1 (shares withheld for taxes). Filing indicates option was fully vested (see footnote F6 in the filing).
• Filing date: 2026-01-29. This appears to be filed within the typical 2-business-day Form 4 window (i.e., timely).

Context

• For retail investors: this was an option exercise (derivative conversion). The filing lists both acquisition and dispositions related to the exercise; such dispositions can reflect withholding and/or an immediate sale (cashless exercise) to cover taxes or exercise costs. The filing’s footnote confirms shares were withheld to cover tax liability.
• The report is factual and does not indicate management’s intent or future company performance.