Forestar Group (FOR) director converts 2,000 RSUs into common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Forestar Group Inc. director Elizabeth Parmer exercised 2,000 restricted stock units on March 1, 2026, converting them into 2,000 shares of common stock at a stated price of $0.00 per share. After the transaction, she directly owns 4,750 common shares. The units were part of a 6,000-unit grant made on March 21, 2023 that vests in three annual installments beginning March 1, 2024.

Insider Trade Summary

2,000 shares exercised/converted

Mixed 2 txns

Insider Parmer Elizabeth

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,000	$0.00	--
Exercise	Common Stock	2,000	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 4,750 shares (Direct)

Footnotes (1)

Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. On March 21, 2023, the reporting person was granted 6,000 restricted stock units, vesting in three annual installments beginning March 1, 2024.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 04:06 PM

SEC Form 4

FORM 4

UNITED 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^*

Parmer Elizabeth

(Last)

(First)

(Middle)

2221 E. LAMAR BLVD. SUITE 790

(Street)

ARLINGTON

76006

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Forestar Group Inc. [ FOR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/01/2026		M		2,000	A	$0⁽¹⁾	4,750	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	03/01/2026		M			2,000	⁽²⁾	⁽²⁾	Common Stock	2,000	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.

2. On March 21, 2023, the reporting person was granted 6,000 restricted stock units, vesting in three annual installments beginning March 1, 2024.

Remarks:

	/s/ James D. Allen, Attorney-in-fact for Elizabeth Parmer	03/03/2026
	** Signature of Reporting Person	Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Forestar Group Inc. (FOR) report for Elizabeth Parmer?

Forestar Group reported that director Elizabeth Parmer exercised 2,000 restricted stock units on March 1, 2026, converting them into 2,000 shares of common stock. This non-cash derivative exercise increased her directly held common stock position to a total of 4,750 shares after the transaction.

How many Forestar Group (FOR) shares does Elizabeth Parmer own after this Form 4?

After the reported Form 4 transactions, Elizabeth Parmer directly owns 4,750 shares of Forestar Group common stock. This reflects the conversion of 2,000 restricted stock units into common shares on March 1, 2026, as part of her previously granted equity compensation award.

What type of securities did Elizabeth Parmer exercise in the Forestar Group (FOR) Form 4?

Elizabeth Parmer exercised restricted stock units that convert into Forestar Group common stock. Each restricted stock unit represents a contingent right to receive one share upon vesting, and 2,000 units were converted into 2,000 common shares in this March 1, 2026 derivative exercise transaction.

What were the terms of Elizabeth Parmer’s restricted stock unit grant at Forestar Group (FOR)?

On March 21, 2023, Elizabeth Parmer received a grant of 6,000 restricted stock units from Forestar Group. The award vests in three equal annual installments, beginning March 1, 2024, providing a structured, time-based vesting schedule that leads to periodic conversion opportunities into common stock.

Was the Forestar Group (FOR) insider transaction a market purchase or a derivative exercise?

The reported insider activity was a derivative exercise, not a market purchase. Elizabeth Parmer exercised 2,000 restricted stock units at a stated price of $0.00 per share, converting them into 2,000 common shares, consistent with an equity compensation vesting and settlement event.