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Forestar (FOR) chair converts RSUs as 4,453 shares withheld for tax

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Form Type
4

Rhea-AI Filing Summary

Forestar Group Inc.'s Executive Chairman Donald J. Tomnitz reported routine equity compensation activity involving restricted stock units and common stock. On March 21, 2026, he exercised 12,033 restricted stock units, receiving 12,033 shares of common stock at a stated price of $0.00 per share. To cover withholding tax obligations for the vested shares, 4,453 common shares were surrendered back to the issuer at $24.29 per share. After these transactions, Tomnitz directly holds 136,095 shares of Forestar common stock. The restricted stock units stem from a grant of 40,650 units awarded on March 21, 2023, vesting in three annual installments beginning March 21, 2024.

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Insider TOMNITZ DONALD J
Role Executive Chairman
Type Security Shares Price Value
Exercise Restricted Stock Unit 12,033 $0.00 --
Exercise Common Stock 12,033 $0.00 --
Tax Withholding Common Stock 4,453 $24.29 $108K
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 140,548 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on March 21, 2026. On March 21, 2023, the reporting person was granted 40,650 restricted stock units, vesting in three annual installments beginning March 21, 2024.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TOMNITZ DONALD J
(Last)(First)(Middle)
2221 E. LAMAR BLVD.
SUITE 790
(Street)
ARLINGTON TEXAS 76006
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Forestar Group Inc. [ FOR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Executive Chairman
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/21/2026M12,033A$0(1)140,548D
Common Stock03/21/2026F4,453(2)D$24.29136,095D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)03/21/2026M12,033 (3) (3)Common Stock12,033$00D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.
2. These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on March 21, 2026.
3. On March 21, 2023, the reporting person was granted 40,650 restricted stock units, vesting in three annual installments beginning March 21, 2024.
Remarks:
/s/ James D. Allen, Attorney-in-fact for Donald J. Tomnitz03/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Forestar (FOR) report for Executive Chairman Donald J. Tomnitz?

Donald J. Tomnitz exercised 12,033 restricted stock units into common stock and then surrendered 4,453 shares to Forestar to cover withholding taxes related to the vesting, as disclosed in the latest Form 4 filing.

How many Forestar (FOR) shares does Donald J. Tomnitz hold after this Form 4?

Following the reported transactions, Donald J. Tomnitz directly owns 136,095 shares of Forestar common stock. This figure reflects the exercise of 12,033 restricted stock units and the surrender of 4,453 shares for tax withholding purposes on March 21, 2026.

Were the Forestar (FOR) insider transactions open-market buys or sells?

The transactions were not open-market trades. Tomnitz exercised 12,033 restricted stock units at a stated price of $0.00 and 4,453 shares were surrendered to the issuer solely to satisfy withholding tax obligations tied to the vesting event.

What is the origin of the restricted stock units exercised by Forestar (FOR) executive Donald J. Tomnitz?

The 12,033 restricted stock units exercised on March 21, 2026, came from a grant of 40,650 restricted stock units awarded on March 21, 2023, which vest in three annual installments beginning March 21, 2024, according to the disclosed footnotes.

What price was used for the Forestar (FOR) tax-withholding share surrender?

For the tax-withholding transaction, 4,453 Forestar common shares were surrendered to the issuer at $24.29 per share. This surrender covered withholding tax obligations associated with the restricted stock units that vested on March 21, 2026.