H.B. Fuller grants $500K retention RSUs to EVP Engineering Adhesives amid CEO transition

FULLER H B CO

Compensation Committee approved one-time grant of $500,000 in time-based restricted stock units to Zhiwei Cai, EVP Engineering Adhesives.
Grant is intended to ensure stability during CEO leadership transition following James Owens' resignation in late fiscal 2022.
RSUs cliff-vest on January 24, 2025, with no accelerated vesting upon early retirement.
Committee views this as unusual circumstances not expected to recur regularly.

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