Happe Michael J 4
Research Summary
AI-generated summary
Fuller H.B. (FUL) Director Michael J. Happe Receives Award (2,894.74 units)
What Happened
Michael J. Happe, a director of Fuller H. B. Co. (FUL), was granted 2,894.74 deferred stock units on 2026-07-15. The grant is recorded at $57.00 per unit for a total value of $165,000. This transaction is an award/acquisition (derivative units), not a cash purchase or sale.
Key Details
- Transaction date and price: 2026-07-15 at $57.00 per unit; total value $165,000.
- Transaction type/code: A — Grant/Award (derivative units that convert to common stock).
- Shares/units received: 2,894.74 deferred stock units.
- Shares owned after transaction: Not disclosed in the filing.
- Filing timeliness: Reported on 2026-07-16 for the 2026-07-15 transaction (filed promptly).
- Notable footnotes from the filing:
- F1: Units convert into common shares on a 1-for-1 basis.
- F2: Units will convert upon retirement, death, disability, or certain specified events, subject to required holding periods.
- F3: Amount includes units acquired as dividend equivalents under the Directors' Deferred Compensation Plan.
Context
These are deferred stock units (derivatives) awarded as director compensation and are not an open-market purchase or sale. They typically convert to common shares under the plan's terms (see F1–F2) and include dividend equivalent credits (F3). Such awards are routine director compensation and do not by themselves indicate buying or selling sentiment.