Happe Michael J 4

What Happened
Michael J. Happe, a director of FULLER H B CO (FUL), was granted 418.44 stock units on February 27, 2026 (transaction code A – award/grant). The filing reports a per-unit price of $65.72, for a total reported value of $27,500. These are derivative stock units (not an open-market purchase).

Key Details

• Transaction date: 2026-02-27; Filing date: 2026-03-02. Timeliness not indicated in the provided data.
• Grant: 418.44 stock units at $65.72 each; total reported value $27,500. (Transaction code A = Award/Grant; classified as a derivative.)
• Shares owned after transaction: not specified in the provided excerpt.
• Notable footnotes:
  • F1: Units convert into common shares on a 1-for-1 basis.
  • F2: Conversion occurs upon retirement, death, disability, or certain specified events and may be subject to holding periods.
  • F3: The amount includes stock units acquired pursuant to a dividend-equivalent feature of the Directors' Deferred Compensation Plan.

Context
This was an award of deferred stock units (common for director compensation), not a cash purchase or sale. Such grants usually reflect routine compensation arrangements and conversion/vesting rules rather than an immediate directional bet on the stock. For investors, outright purchases by insiders can be a clearer bullish signal than routine awards.