Happe Michael J 4

What Happened

Michael J. Happe, a director of Fuller H. B. Co. (FUL), was granted 429.15 stock units (derivative shares) on May 29, 2026. The units are valued at $64.08 each for a total reported value of $27,500. This transaction is an award/grant as part of director compensation (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; grant price used for reporting: $64.08 per unit.
• Amount granted: 429.15 stock units (reported total value $27,500).
• Shares owned after transaction: not disclosed in the excerpt provided.
• Filing: Form 4 filed 2026-06-02 (within the typical two-business-day reporting window for this trade).
• 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: Amount includes units from a dividend equivalent feature of the Directors' Deferred Compensation Plan.
• Transaction type: Award/derivative grant (compensation), not a market buy/sell.

Context

This was a compensation award to a director rather than an insider purchase or sale. Such awards are routine for board members and reflect company compensation practices; they do not by themselves indicate the director buying or selling stock in the open market. The reported value (~$27.5k) is modest for director compensation.