Forestar Group Inc SEC Filings

Forestar Group Inc. Chief Operating Officer Mark Stephen Walker exercised previously granted restricted stock units that converted into 1,554 shares of common stock on March 18, 2026. A portion of these vested shares, 775 shares valued at $24.73 per share, was surrendered back to the company to cover withholding tax obligations rather than being sold on the open market. Following these compensation-related transactions, Walker directly holds 22,063 shares of Forestar common stock. The filing indicates this exercise represented the remaining derivatives tied to this award, originally granted as 7,770 restricted stock units vesting annually beginning March 18, 2022.

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.

Forestar Group Inc. reported modestly higher revenue but slightly lower profit for the quarter ended December 31, 2025. Revenues rose 9% to $273.0 million from $250.4 million, as higher pricing and more tract and other sales offset fewer lot closings. Net income slipped to $15.4 million from $16.5 million, with diluted EPS at $0.30 versus $0.32. Pre-tax margin narrowed to 7.6% from 8.7% as cost of sales increased with revenue.

The company sold 1,944 lots in the quarter, down from 2,333 a year earlier, but the average sales price per lot increased 15% to $121,000. Forestar ended the period with 101,000 lots owned and controlled, including 65,600 owned lots, and no impairments were recorded on its real estate. Liquidity remained strong, with $211.7 million in cash, no borrowings on the $665 million revolver and $607.6 million of availability, alongside $793.2 million of senior notes and a debt-to-capital ratio of 30.8%.

Forestar Group Inc. filed a current report stating that it issued a press release on January 20, 2026 to announce its results and related information for the first quarter ended December 31, 2025. The press release, included as Exhibit 99.1, provides the detailed financial and operating data for that period. The company notes that this earnings information is being furnished rather than filed under securities laws, which affects how it is treated for certain legal liability purposes.

Forestar Group Inc. reported results from its Annual Meeting of Stockholders held on January 19, 2026. Of 50,885,325 common shares eligible to vote, 48,470,427 were represented in person or by proxy, indicating strong participation.

Stockholders elected seven director nominees to serve until the 2027 annual meeting, with each receiving over 45.9 million votes in favor and relatively few votes against or abstentions. An advisory vote on executive compensation passed, with 45,275,426 votes for, 1,011,863 against, 21,563 abstentions, and 2,161,575 broker non-votes, signaling broad support for the pay programs.

Stockholders also ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026, with 48,440,500 votes for, 26,059 against, and 3,868 abstentions.

Forestar Group Inc. is calling its 2026 Annual Meeting for January 19, 2026 in Arlington, Texas. Stockholders of record on November 24, 2025 will vote on electing seven directors, an advisory approval of executive compensation and ratifying Ernst & Young LLP as independent auditor for fiscal 2026, all recommended by the board.

Management highlights fiscal 2025 revenue of $1.7 billion on 14,240 lots sold, net income of $167.9 million, pre-tax income of $219.3 million with a 13.2% margin and return on equity of 10.1%. Liquidity totaled $968.1 million, including $379.2 million of cash, and book value per share rose 11% to $34.78.

The proxy describes a majority-independent, refreshened board, separation of Executive Chairman and CEO roles, and robust committees overseeing risk, sustainability and cybersecurity. Executive pay is framed as pay-for-performance, with semi-annual cash bonuses tied to pre-tax income and new three-year performance-based stock units based on relative total shareholder return, return on inventory and market share.

Forestar Group Inc. Executive Chairman and Director Donald J. Tomnitz reported equity award activity involving company stock. On 12/01/2025, 756 shares of common stock were acquired at $0 upon the vesting and settlement of restricted stock units, and 756 shares were then surrendered at $25.57 to the issuer to cover tax withholding obligations. These transactions relate to a grant of 20,255 restricted stock units awarded on October 29, 2025. After the reported transactions, Tomnitz directly owned 128,515 shares of common stock and 19,499 restricted stock units.

Forestar Group Inc. reported a routine insider equity transaction by its chief financial officer. On December 1, 2025, the officer acquired 400 shares of common stock through the vesting and exercise of restricted stock units at an effective price of $0 per share. On the same date, the officer disposed of 400 shares of common stock at $25.57 per share, which were surrendered to the company to satisfy withholding tax obligations related to a 13,245 restricted stock unit award granted on October 29, 2025. Following these transactions, the officer beneficially owned 31,486 shares of common stock directly and 12,845 restricted stock units, reflecting ongoing equity-based compensation rather than an open-market purchase or sale.