Forestar Group (NYSE: FOR) CFO exercises RSUs, shares withheld for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised 5,420 restricted stock units into an equal number of common shares on March 21, 2026. Each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting.

To cover withholding tax obligations on the shares that vested on March 21, 2026, 2,006 common shares were surrendered to the issuer at $24.29 per share. After these transactions, Allen directly holds 36,367 shares of common stock and 10,031 restricted stock units.

Insider Trade Summary

5,420 shares exercised/converted

Mixed 3 txns

Insider Allen James Douglas

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	5,420	$0.00	--
Exercise	Common Stock	5,420	$0.00	--
Tax Withholding	Common Stock	2,006	$24.29	$49K

Holdings After Transaction: Restricted Stock Unit — 10,031 shares (Direct); Common Stock — 38,373 shares (Direct)

Footnotes (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 27,100 restricted stock units, vesting in five annual installments beginning March 21, 2024.

Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 04:08 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
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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)
03/21/2026

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)
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	03/21/2026		M		5,420	A	$0⁽¹⁾	38,373	D
Common Stock	03/21/2026		F		2,006⁽²⁾	D	$24.29	36,367	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⁾	03/21/2026		M			5,420	⁽³⁾	⁽³⁾	Common Stock	5,420	$0	10,031	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 21, 2026.

3. On March 21, 2023, the reporting person was granted 27,100 restricted stock units, vesting in five annual installments beginning March 21, 2024.

Remarks:

	/s/ James Douglas Allen	03/24/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Forestar (FOR) disclose for its CFO?

Forestar disclosed that CFO James Douglas Allen exercised 5,420 restricted stock units into common shares, then surrendered 2,006 shares at $24.29 per share to cover tax withholding on vesting, reflecting routine equity compensation activity.

How many Forestar (FOR) shares does the CFO hold after this Form 4?

After the reported transactions, CFO James Douglas Allen directly owns 36,367 shares of Forestar common stock and 10,031 restricted stock units, showing his ongoing equity stake through both outstanding shares and unvested or unconverted equity awards.

Was the Forestar (FOR) CFO’s Form 4 a market sale or tax withholding?

The disposition reported for Forestar’s CFO reflects tax withholding, not an open-market sale. 2,006 shares were surrendered to the issuer at $24.29 each to satisfy withholding taxes on vested restricted stock units.

What is the origin of the Forestar (FOR) restricted stock units in this filing?

The restricted stock units exercised on March 21, 2026 came from a grant of 27,100 units awarded on March 21, 2023, which vest in five annual installments beginning March 21, 2024, providing long-term, time-based equity compensation.

How many Forestar (FOR) restricted stock units remain after the CFO’s vesting event?

Following the March 21, 2026 vesting and exercise of 5,420 restricted stock units, CFO James Douglas Allen continues to hold 10,031 restricted stock units, preserving a significant portion of his equity compensation for future vesting dates.