H.B. Fuller Senior VP Buys $25,000, Joining Insider Cluster
Muhammad Shahbaz Malik bought 478.6594 shares at $52.2292 on Oct. 16, one of eight insiders in a cluster worth about $1.12 million since Sept. 28.
FULLER H B CO currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Muhammad Shahbaz Malik, Senior VP, BAS at H.B. Fuller, bought 478.6594 shares of common stock on Oct. 16 at $52.2292 a share, a purchase worth $25,000, according to a Form 4 filed Oct. 19. The purchase was not made under a Rule 10b5-1 plan. It was filed three days after the trade.
A Form 4 is the report that a company's officers, directors and holders of more than 10% of its stock must file within two business days of a trade in the company's shares. The transaction carries code P, which marks an open-market or private purchase paid for by the insider, as opposed to grants, option exercises or purchases under an employee plan.
Malik's direct holding of common stock rose from 13,697 shares before the purchase to 14,175.6594 shares after it, a 3.5% increase.
The buy adds to a cluster at FUL. Under the cluster rule applied here, three or more insiders each buy at least $25,000 on the open market within 30 days. The current cluster has eight insiders and 10 purchases worth a combined $1,123,317.96, with transactions running from Sept. 28 to Oct. 16. Malik is listed as a Senior VP; the other members are listed as directors.
R. Jeffrey Bailly, a director, made the largest of the prior open-market purchases, 10,000 shares for $500,000 on Oct. 7. Daniel L. Florness, also a director, bought $100,160.20 of stock on Sept. 28, and Charles T. Lauber, another director, bought $99,984.54 on Sept. 29. Srilata Zaheer and Teresa J. Rasmussen Trangsrud each made two purchases, worth $100,118.90 and $99,984.32. Michael J. Happe and Thomas W. Handley each made one, at $99,250 and $98,820.
Open-market buying at the company predates Malik's trade. Between July 23 and the Oct. 19 filing date, Form 4s filed before that day show 10 open-market purchases worth $1,121,315.61 from eight distinct buyers. The last of those was dated Oct. 7, nine days before Malik bought.
The same window includes one open-market sale. Nathan D. Weaver, Exec VP, Business Transform., sold 9,561 shares for $593,331.76 on Aug. 11.
Written by a large language model from primary sources linked in the article: AlphaScala's structured filing data (SEC Form 4 / STOCK Act / 13F / CFTC records) or an official release (central bank, BLS, EIA or SEC). Every figure is checked automatically against those sources before publication. Not investment advice.