Director at Forestar Group (NYSE: FOR) gains 402 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forestar Group Inc. director Samuel R. Fuller exercised 402 restricted stock units into 402 shares of common stock. The conversion occurred at a stated price of $0.00 per share and increased his direct common stock holdings to 31,607 shares.
Each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting. Fuller was granted 1,207 restricted stock units on March 28, 2024, scheduled to vest in three annual installments beginning March 28, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
402 shares exercised/converted
Mixed
2 txns
Insider
FULLER SAMUEL R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 402 | $0.00 | -- |
| Exercise | Common Stock | 402 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 403 shares (Direct);
Common Stock — 31,607 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. 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: 402 shares
Post-transaction Holdings: 31,607 shares
+2 more
5 metrics
RSUs Exercised
402 units
Restricted stock units converted to common stock on March 28, 2026
Shares Received
402 shares
Common stock received from RSU exercise on March 28, 2026
Post-transaction Holdings
31,607 shares
Director’s direct common stock holdings after the transaction
RSU Grant Size
1,207 units
Restricted stock units granted on March 28, 2024
Vesting Schedule
3 installments
RSU grant vests in three annual installments beginning March 28, 2025
Key Terms
Restricted Stock Unit, derivative security, Common Stock
3 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of FOR common stock"
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.
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.
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Forestar Group (FOR) report for Samuel R. Fuller?
Forestar Group reported that director Samuel R. Fuller exercised 402 restricted stock units into 402 shares of common stock. The transaction, coded as a derivative exercise, occurred at a stated price of $0.00 per share and reflects compensation-related equity vesting rather than an open-market trade.
What are the terms of Samuel R. Fuller’s restricted stock unit grant at Forestar (FOR)?
Fuller 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 vested unit giving the right to receive one share of Forestar common stock.
Does the Form 4 for Forestar Group (FOR) show any stock sales by Samuel R. Fuller?
The Form 4 does not report any open-market stock sales by Samuel R. Fuller. Instead, it records a derivative exercise, where 402 restricted stock units converted into 402 shares of common stock, a routine compensation-related equity vesting event with no sale transaction disclosed.
How is a restricted stock unit defined in the Forestar Group (FOR) filing?
The filing explains that each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting. This means the holder receives actual shares only when vesting conditions, such as time-based service requirements, are satisfied under the grant terms.