Foster (FSTR) CFO updates Form 4 for tax share withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
FOSTER L B CO EVP & CFO William M. Thalman reported two tax-related share dispositions under the company’s Long Term Incentive Plans. On February 14, 2026, 1,736 shares of common stock were withheld at $31.63 per share to cover taxes on vesting of restricted stock from the 2024-2026 LTIP.
On February 13, 2026, 1,007 shares were similarly withheld at $31.63 per share to satisfy tax obligations tied to performance-based awards. The amendment corrects prior Form 4 share counts and clarifies that Thalman now directly holds 72,007 shares, including 18,519 performance RSUs under the 2023-2025 plan and 2,385 performance RSUs under the 2024-2026 plan that are scheduled to settle after their respective performance periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
THALMAN WILLIAM M
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,736 | $31.63 | $55K |
| Tax Withholding | Common Stock | 1,007 | $31.63 | $32K |
Holdings After Transaction:
Common Stock — 72,007 shares (Direct)
Footnotes (1)
- Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2024-2026 LTIP awarded on 5/23/24. An amendment to the original Form 4 was filed on 2/20/2026 to correct the number of shares beneficially owned to reflect the amendment made to the Form 4 originally filed on 2/12/2026. The amendment to the Form 4 was filed on 2/20/2026 to correct the number of shares withheld to pay taxes applicable to 50 percent of the Performance-based stock unit award granted on 3/31/2021 and earned on 2/11/2026. Includes 18,519 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 18,519 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 2,385 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 2,385 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. This amendment was filed to correct the number of shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2023-2025 LTIP awarded on 2/14/23.
FAQ
What did FOSTER L B CO (FSTR) EVP & CFO report in this Form 4/A?
The EVP & CFO reported amended tax-related share withholdings. Two transactions involved company stock withheld to cover taxes on vested incentive awards, updating prior Form 4 share counts and confirming his current direct and performance-based stock unit holdings.
Were William Thalman9s FSTR transactions open-market sales?
No, the transactions were tax-withholding dispositions coded F. Shares were withheld by the company to pay tax obligations on vesting incentive awards, rather than discretionary open-market stock sales executed by the executive.
What does the amendment to William Thalman9s Form 4 change?
The amendment corrects the number of shares withheld for taxes and the resulting beneficial ownership totals. It updates prior filings for tax-related withholdings linked to performance-based awards, ensuring the reported share counts and remaining holdings are accurate.
What long-term incentive awards are disclosed for FSTR9s EVP & CFO?
The filing notes 18,519 performance restricted stock units from the 2023-2025 plan and 2,385 units from the 2024-2026 plan. These awards will settle after their performance periods end, subject to Compensation Committee certification.