H.B. Fuller Management

Management criteria checks 2/4

H.B. Fuller's CEO is Celeste Mastin, appointed in Dec 2022, has a tenure of 1.33 years. total yearly compensation is $5.05M, comprised of 18.8% salary and 81.2% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth €329.54K. The average tenure of the management team and the board of directors is 4.1 years and 3.4 years respectively.

Key information

Celeste Mastin

Chief executive officer

US$5.1m

Total compensation

CEO salary percentage	18.8%
CEO tenure	1.3yrs
CEO ownership	0.009%
Management average tenure	4.1yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Celeste Mastin's remuneration changed compared to H.B. Fuller's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 02 2024	n/a	n/a	US$154m
Dec 02 2023	US$5m	US$950k	US$145m
Sep 02 2023	n/a	n/a	US$148m
Jun 03 2023	n/a	n/a	US$157m
Mar 04 2023	n/a	n/a	US$164m
Dec 03 2022	US$4m	US$439k	US$180m

Compensation vs Market: Celeste's total compensation ($USD5.05M) is above average for companies of similar size in the German market ($USD2.57M).

Compensation vs Earnings: Insufficient data to compare Celeste's compensation with company performance.

CEO

Celeste Mastin (54 yo)

1.3yrs

Tenure

US$5,050,902

Compensation

Ms. Celeste Beeks Mastin serves as President, Chief Executive Officer & Director at H. B. Fuller Company since December 04, 2022. She served as Executive Vice President and Chief Operating Officer at H. B....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Celeste Mastin	President	1.3yrs	US$5.05m	0.0086% $ 329.5k
John Corkrean	Executive VP & CFO	7.9yrs	US$2.02m	0.087% $ 3.3m
Traci Jensen	Executive VP & Chief Administrative Officer	1.3yrs	US$1.41m	0.024% $ 916.7k
Zhiwei Cai	Executive Vice President of Engineering Adhesives	6.2yrs	US$1.99m	0.065% $ 2.5m
James East	Executive Vice President of Hygiene	2.5yrs	US$1.52m	0.00019% $ 7.3k
Heidi Weiler	Vice President of Corporate Financial Strategy	7yrs	no data	no data
Steven Brazones	Vice President of Investor Relations	no data	no data	no data
Gregory Ogunsanya	Senior VP	less than a year	no data	no data
Nathanial Weaver	Senior Vice President of Human Resources	4.1yrs	no data	0.0088% $ 337.2k
Heather Campe	Senior Vice President of International Growth	7.5yrs	US$1.51m	0.036% $ 1.4m
Theodore Clark	Strategic Advisor	2.1yrs	US$2.29m	no data
Muhammad Malik	Senior Vice President of Global Construction Adhesives	4.3yrs	US$1.28m	0.017% $ 638.4k

4.1yrs

Average Tenure

56yo

Average Age

Experienced Management: HB1's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Celeste Mastin	President	1.3yrs	US$5.05m	0.0086% $ 329.5k
Daniel Florness	Independent Director	5.8yrs	US$258.17k	0.0025% $ 94.9k
Lee Mitau	Independent Chairman & Presiding Director	28.3yrs	US$386.67k	0.078% $ 3.0m
Thomas W. Handley	Independent Director	13.8yrs	US$282.17k	0.0025% $ 94.5k
Michael Happe	Independent Director	3.3yrs	US$251.67k	0.0025% $ 94.2k
Teresa Rasmussen	Independent Director	3.4yrs	US$260.81k	0.0043% $ 164.6k
Charles Lauber	Independent Director	1.3yrs	US$339.84k	0% $ 0
Ruth Kimmelshue	Independent Director	7.3yrs	US$277.36k	0.0025% $ 94.9k
Srilata Zaheer	Independent Director	2yrs	US$254.10k	0% $ 0

3.4yrs

Average Tenure

60yo

Average Age

Experienced Board: HB1's board of directors are considered experienced (3.4 years average tenure).

H.B. Fuller Management

Management criteria checks 2/4

Key information

Recent management updates

H.B. Fuller Company, Annual General Meeting, Apr 11, 2024

Insider recently sold €189k worth of stock

High number of new directors

H.B. Fuller Company Elects Charles Lauber to Board of Directors, Effective January 23, 2023

President recently sold €4.7m worth of stock

President recently sold €1.4m worth of stock

Recent updates

First quarter dividend of US$0.22 announced

H.B. Fuller Company Regular Quarterly Cash Dividend, Payable on May 9, 2024

New major risk - Financial position

First quarter 2024 earnings released: EPS: US$0.57 (vs US$0.40 in 1Q 2023)

H.B. Fuller Company Reiterates Earnings Guidance for the Fiscal 2024

H.B. Fuller Company to Report Q1, 2024 Results on Mar 27, 2024

H.B. Fuller Company, Annual General Meeting, Apr 11, 2024

Upcoming dividend of US$0.20 per share at 1.1% yield

Fourth quarter dividend of US$0.20 announced

New major risk - Financial position

H.B. Fuller Company Declares Regular Quarterly Cash Dividend, Payable on February 21, 2024

Now 20% undervalued

Full year 2023 earnings released: EPS: US$2.67 (vs US$3.37 in FY 2022)

H.B. Fuller Company Provides Financial Guidance for the Fiscal Year 2024

H.B. Fuller Company Declares Regular Quarterly Cash Dividend, Payable on November 2, 2023

H.B. Fuller Company Provides Earnings Guidance for the Fiscal Year 2023

Third quarter 2023 earnings released: EPS: US$0.69 (vs US$0.87 in 3Q 2022)

H.B. Fuller Company to Report Q3, 2023 Results on Sep 27, 2023

Upcoming dividend of US$0.20 per share at 1.2% yield

H.B. Fuller Company Declares Regular Quarterly Cash Dividend, Payable on August 3, 2023

Second quarter 2023 earnings released: EPS: US$0.74 (vs US$0.88 in 2Q 2022)

H.B. Fuller Company (NYSE:FUL) acquired Xchem International LLC.

H.B. Fuller Company to Report Q2, 2023 Results on Jun 28, 2023

Now 22% undervalued after recent price drop

H.B. Fuller Company (NYSE:FUL) acquired Beardow & Adams (Adhesives) Limited.

Upcoming dividend of US$0.20 per share at 1.1% yield

First quarter 2023 earnings released: EPS: US$0.40 (vs US$0.72 in 1Q 2022)

Insider recently sold €189k worth of stock

High number of new directors

H.B. Fuller Company Announces Quarterly Dividend, Payable on February 21, 2023

Full year 2022 earnings released: EPS: US$3.37 (vs US$3.05 in FY 2021)

H.B. Fuller Company Provides Earnings Guidance for the Year 2023

H.B. Fuller to Launch New Bio-Compatible Adhesive for Medical Applications

H.B. Fuller Company to Report Q4, 2022 Results on Jan 18, 2023

H.B. Fuller Company Elects Charles Lauber to Board of Directors, Effective January 23, 2023

President recently sold €4.7m worth of stock

President recently sold €1.4m worth of stock

Upcoming dividend of US$0.19 per share

H.B. Fuller Announces Quarterly Dividend, Payable on November 3, 2022

H.B. Fuller Company Announces Management Changes

H.B. Fuller Company Announces Changes to its Chief Executive Officer, Effective December 4, 2022

Third quarter 2022 earnings released: EPS: US$0.87 (vs US$0.60 in 3Q 2021)

H.B. Fuller Company (NYSE:FUL) acquired ZKLT Polymer Co., Ltd. for CNY 0.16 million.

H.B. Fuller Company Revises Earnings Guidance for the Fiscal Year 2022

H.B. Fuller Company Announces Director Changes, Effective September 15, 2022

H.B. Fuller Company to Report Q3, 2022 Results on Sep 21, 2022

Independent Director recently bought €57k worth of stock

H.B. Fuller Company Announces Quarterly Dividend, Payable on July 28, 2022

Second quarter 2022 earnings released: EPS: US$0.88 (vs US$0.93 in 2Q 2021)

H.B. Fuller Company to Report Q2, 2022 Results on Jun 22, 2022

Upcoming dividend of US$0.19 per share

Insider recently sold €90k worth of stock

H.B. Fuller Company (NYSE:FUL) announces an Equity Buyback for $300 million worth of its shares.

H.B. Fuller Company, Annual General Meeting, Apr 07, 2022

H.B. Fuller Company Appoints Celeste Mastin as Executive Vice President and Chief Operating Officer

Insider recently sold €409k worth of stock

Upcoming dividend of US$0.17 per share

H.B. Fuller Company (NYSE:FUL) acquired Fourny NV.

H.B. Fuller Company Provides Financial Guidance for Fiscal 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.17 per share

H.B. Fuller Company Provides Revenue Guidance for the Full Year of Fiscal 2021

Third quarter 2021 earnings released: EPS US$0.60 (vs US$0.80 in 3Q 2020)

Upcoming dividend of US$0.17 per share

Second quarter 2021 earnings released: EPS US$0.93 (vs US$0.61 in 2Q 2020)

H.B. Fuller Company Provides Financial Guidance for the Third Quarter of 2021

H.B. Fuller Company Provides Earnings Guidance for the Full Year 2021

H.B. Fuller Launches Real-Time Equipment and Data-Analytics Service for Softcover Books and Magazines

Upcoming dividend of US$0.17 per share