# CFO Dumping Shares: What H.B. Fuller's Insider Trade Tells You

H.B. Fuller (NYSE: FUL) CFO John Corkrean just sold $857,800 worth of stock on October 27, hitting the brakes on roughly 21% of his direct holdings. Here's what matters:

**The Trade Breakdown:**
- 14,222 shares sold at $60.31 (weighted avg)
- Post-sale holdings: 54,646 shares (~$3.3M)
- Timing: Stock down 20% YTD, way below the $80.15 peak from last year
- First open-market sale in THREE YEARS

**Why This Matters (And Why It Doesn't Fully Panic):**

The CFO wasn't just randomly selling—he exercised stock options then immediately liquidated. That's less "insider spooked" and more "cashing in vested compensation." But the *timing* is the real tell: he's selling at depressed prices, which typically means management isn't bullish on near-term recovery.

**The Company's Reality Check:**
- Q3 revenue down 3% YoY to $892M
- Full-year guidance: sales declining 2-3%
- Net debt sitting at $2B with a 3.3x net debt-to-EBITDA ratio (still elevated)
- TTM revenue: $3.5B; net income: $114.88M

**Bottom Line:** This isn't a screaming sell signal for existing holders—the company isn't imploding, just struggling. But it's not a buy signal either. Wait for the next earnings cycle to see if management can stabilize revenue before making moves. The CFO's exit doesn't guarantee disaster, but it does suggest he's not holding his breath for a quick bounce.