Forestar CFO exercises RSUs, shares withheld for tax

Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised previously granted restricted stock units on March 31, 2026.

Rhea-AI Filing Summary

Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised previously granted restricted stock units on March 31, 2026. The exercise converted 4,505 restricted stock units into the same number of common shares, reflecting scheduled equity compensation vesting rather than an open-market purchase.

To cover withholding taxes on the vested shares, 1,667 common shares were surrendered to the company at $24.44 per share, a non-market tax-withholding disposition. After these transactions, Allen directly holds 40,459 shares of Forestar common stock. Earlier, on March 31, 2022, he had been granted 22,523 restricted stock units vesting in five annual installments.

Insider Trade Summary

4,505 shares exercised/converted

Exercise 3 txns

Insider Allen James Douglas

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	4,505	$0.00	$0.00
Exercise	Common Stock	4,505	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,667	$24.44	$41K

Holdings After Transaction: Restricted Stock Unit — 3,999 contracts (Direct); Common Stock — 40,459 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.
2. F2. These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on March 31, 2026.
3. F3. On March 31, 2022, the reporting person was granted 22,523 restricted stock units, vesting in five annual installments beginning March 31, 2023.

Key Figures

RSUs exercised: 4,505 units/shares Shares surrendered for tax: 1,667 shares Tax withholding price: $24.44 per share +2 more

5 metrics

RSUs exercised 4,505 units/shares Restricted stock units converted to common stock on March 31, 2026

Shares surrendered for tax 1,667 shares Surrendered to issuer to cover withholding tax obligations

Tax withholding price $24.44 per share Value used for 1,667 shares surrendered for taxes

Shares held after transactions 40,459 shares Direct common stock holdings after March 31, 2026 transactions

Original RSU grant 22,523 units Granted March 31, 2022, vesting in five annual installments

Key Terms

Restricted Stock Unit, withholding tax obligations, Exercise or conversion of derivative security, tax-withholding disposition

4 terms

Restricted Stock Unit financial

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

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

withholding tax obligations financial

"These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on March 31, 2026."

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Forestar (FOR) CFO James Douglas Allen do in this Form 4?

James Douglas Allen exercised 4,505 restricted stock units into common shares. He then surrendered 1,667 of those shares to Forestar to cover withholding taxes, leaving him with 40,459 directly held common shares after the transactions.

Were these Forestar (FOR) CFO share transactions open-market buys or sells?

The transactions were not open-market trades. They reflect the vesting and exercise of restricted stock units and a surrender of 1,667 shares at $24.44 each to satisfy withholding tax obligations, rather than discretionary buying or selling in the market.

How many Forestar (FOR) shares does the CFO own after these transactions?

After exercising restricted stock units and surrendering shares for taxes, the CFO directly holds 40,459 Forestar common shares. This total reflects his position immediately following the March 31, 2026 compensation-related equity transactions disclosed in the Form 4.

What is the size of the restricted stock unit grant disclosed for Forestar (FOR) CFO?

On March 31, 2022, the CFO was granted 22,523 restricted stock units. These units vest in five equal annual installments beginning March 31, 2023, creating a multi-year schedule of potential future share deliveries tied to his continued service.

Why were 1,667 Forestar (FOR) shares surrendered by the CFO?

The 1,667 shares were surrendered to Forestar to cover withholding tax obligations on the shares that vested on March 31, 2026. This tax-withholding disposition is a standard mechanism and is not treated as an open-market sale of stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/02/2026 - 04:07 PM Learn about SEC filing dates

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^*

Allen James Douglas

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		M		4,505	A	$0(1)	42,126	D
Common Stock	03/31/2026		F		1,667(2)	D	$24.44	40,459	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	03/31/2026		M			4,505	(3)	(3)	Common Stock	4,505	$0	3,999	D

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 31, 2026.

3. On March 31, 2022, the reporting person was granted 22,523 restricted stock units, vesting in five annual installments beginning March 31, 2023.

Remarks:

	/s/ James Douglas Allen	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)