Mastin Celeste Beeks 4

What Happened

• Mastin Celeste Beeks, President & CEO and a director of Fuller H.B. Co. (FUL), exercised/converted derivative awards on Jan 27, 2026 to acquire 7,933 shares at $59.81 per share (value ≈ $474,473). To cover tax withholding, 3,122 of those shares were surrendered/withheld (disposed) at the same $59.81 price (value ≈ $186,727). The filing shows the exercise/conversion and the associated tax withholding — a routine cashless-settlement style transaction rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-01-27; exercise/conversion price: $59.81 per share.
• Shares acquired via exercise/conversion: 7,933 (total ≈ $474,473).
• Shares withheld for taxes (disposed): 3,122 (total ≈ $186,727).
• Shares owned after transaction: not reported in the Form 4 filing.
• Relevant footnotes: F1 indicates shares were withheld for taxes on the 7,933 shares; F2–F6 describe that some awards are restricted stock units that convert 1-for-1, vesting schedules (33%/33%/34%), dividend-equivalent reinvestment, and option vesting status (including a fully vested option).
• Filing date: 2026-01-29 (covers transactions dated 2026-01-27) — appears timely.

Context

• Code M denotes exercise or conversion of a derivative security; Code F denotes shares withheld to cover tax liability. This was effectively a cashless exercise/settlement where shares issued on exercise were used to satisfy tax obligations, which is common and not the same as an open-market sale. The transaction is factual and routine; it does not by itself indicate a change in insider sentiment.