Forestar director exercises 402 RSUs into shares

Forestar Group Inc. director Elizabeth Parmer exercised restricted stock units into common shares as part of her equity compensation.

Rhea-AI Filing Summary

Forestar Group Inc. director Elizabeth Parmer exercised restricted stock units into common shares as part of her equity compensation. She converted 402 restricted stock units into 402 shares of common stock at a stated price of $0.00 per share, reflecting a vesting event rather than an open-market purchase.

Following the transaction, Parmer directly owns 6,248 shares of Forestar common stock. The restricted stock units stem from a prior grant of 1,207 units awarded on March 28, 2024, scheduled to vest in three annual installments beginning March 28, 2025. Each unit represents a contingent right to receive one share of common stock upon vesting.

Insider Trade Summary

402 shares exercised/converted

Exercise 2 txns

Insider Parmer Elizabeth

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	402	$0.00	$0.00
Exercise	Common Stock	402	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 403 contracts (Direct); Common Stock — 6,248 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.
2. F2. On March 28, 2024, the reporting person was granted 1,207 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Key Figures

RSUs exercised: 402 units Shares received from exercise: 402 shares Shares owned after transaction: 6,248 shares +2 more

5 metrics

RSUs exercised 402 units Restricted stock units converted into common shares on March 28, 2026

Shares received from exercise 402 shares Common stock issued upon RSU conversion at $0.00 per share

Shares owned after transaction 6,248 shares Direct Forestar common stock holdings following the Form 4 transaction

Original RSU grant size 1,207 units Restricted stock units granted on March 28, 2024

RSU vesting schedule 3 annual installments Vesting begins March 28, 2025 for 1,207-unit RSU grant

Key Terms

Restricted Stock Unit, contingent right, Exercise or conversion of derivative security, derivative security

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.

contingent right financial

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

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

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

What did Forestar Group (FOR) director Elizabeth Parmer report in this Form 4?

Elizabeth Parmer reported exercising restricted stock units into common shares. She converted 402 restricted stock units into 402 Forestar common shares at a stated price of $0.00 per share, reflecting equity compensation vesting rather than any open-market stock purchase or sale.

How many Forestar (FOR) shares does Elizabeth Parmer hold after this transaction?

After the transaction, Elizabeth Parmer directly holds 6,248 shares of Forestar common stock. This total reflects her ownership immediately following the conversion of 402 restricted stock units into an equivalent number of common shares reported in the filing.

Were the Forestar (FOR) transactions by Elizabeth Parmer open-market buys or sells?

The transactions were not open-market buys or sells. They are coded as option or derivative exercises, showing 402 restricted stock units converting into 402 common shares at $0.00 per share, which is a routine equity compensation vesting event for a company director.

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

Parmer received a grant of 1,207 restricted stock units on March 28, 2024. According to the disclosure, these units vest in three equal annual installments beginning March 28, 2025, with each unit delivering one share of Forestar common stock upon vesting.

What does each restricted stock unit represent for Forestar (FOR) insiders?

Each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting. This means insiders like Elizabeth Parmer do not receive shares immediately; shares are delivered only as vesting conditions and time-based schedules are satisfied.

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

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Accepted by SEC EDGAR 03/31/2026 - 04:06 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^*

Parmer Elizabeth

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/28/2026

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	03/28/2026		M		402	A	$0(1)	6,248	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)	03/28/2026		M			402	(2)	(2)	Common Stock	402	$0	403	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 28, 2024, the reporting person was granted 1,207 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Remarks:

	/s/ James D. Allen, Attorney-in-fact for Elizabeth Parmer	03/31/2026
	** 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)