Zaheer Srilata 4
Research Summary
AI-generated summary
Fuller H.B. Co. (FUL) Director Zaheer Srilata Receives Award of 2,895 Units
What Happened
- Zaheer Srilata, a director of Fuller H. B. Co. (FUL), was granted 2,894.74 stock units on 2026-07-15. The units are reported at an imputed value of $57.00 each, for a total value of $165,000. The filing classifies this as an award/grant (transaction code A) and as a derivative instrument.
Key Details
- Transaction date and price: 2026-07-15; 2,894.74 units at $57.00/unit (total $165,000).
- Shares owned after transaction: Not reported in the provided data.
- Timing/filing: Reported on Form 4 filed 2026-07-16 (appears timely based on transaction date).
- Notable footnotes:
- F1: Units convert into common shares on a 1-for-1 basis.
- F2: Some units convert to shares only upon retirement, death, disability, or specified events and may be subject to required holding periods.
- F3: Amount includes stock units credited as dividend equivalents under the Directors' Deferred Compensation Plan.
Context
- This was an equity award to a director (not an open-market purchase or sale). Such grants are common as part of director compensation and represent an acquisition of economic exposure to company stock via deferred/convertible units. The units are derivative in form and may only convert into common shares under the conditions noted above.