L.B. Foster (FSTR) SVP reports stock awards and tax withholding
Rhea-AI Filing Summary
L.B. Foster Company senior vice president Gregory W. Lippard reported updated equity awards and tax-related share withholding. On February 19, 2026, he acquired several blocks of common stock at a price of $0.00 per share through grants and performance-based awards under the company’s long-term incentive plans covering the 2023–2025, 2024–2026, and 2025–2027 periods. The filing also shows 8,735 shares of common stock, valued at $31.125 per share, were disposed of to cover tax obligations upon vesting of earned performance shares. After these transactions, he held 75,936 shares directly and 1,531 shares indirectly through the L.B. Foster Company 401(k) Plan. The amended Form 4 corrects the number of shares withheld for taxes and the resulting beneficial ownership previously reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,975 | $0.00 | -- |
| Grant/Award | Common Stock | 2,678 | $0.00 | -- |
| Grant/Award | Common Stock | 1,002 | $0.00 | -- |
| Grant/Award | Common Stock | 4,244 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,735 | $31.125 | $272K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the number of shares of common stock resulting from Performance Share Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023 upon certification of performance results by the Compensation Committee at 47.2% for the annual period ended December 31, 2025. Includes 1,749 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,749 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. Includes 19,202 shares of common stock resulting from the settlement of Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 19,202 Performance Restricted Stock Units settled at the end of the 2023-2025 performance period upon certification by the Compensation Committee on 2/19/2026. This amended Form 4 was filed to correct the number of shares beneficially owned to reflect the amendment made to the Form 4 originally filed on 2/18/2026. The amendment to the Form 4 was filed on 3/09/2026 to correct the number of shares withheld to pay taxes applicable to the vesting of restricted stock on 2/14/2026. Represents the number of Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024 upon certification of performance results by the Compensation Committee at 39.5% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. Includes 4,427 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 4,427 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee. Represents the number of Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025 upon certification of performance results by the Compensation Committee at 11.2% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee. Includes 1,002 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 1,002 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee. Award of restricted stock units (RSUs), which are settled in stock upon vesting, and generally will vest ratably over a three-year period on the first, second, and third anniversary of the date of grant. Shares withheld to pay taxes upon the vesting and settlement of all earned performance shares related to the 2023-2025 LTIP awarded on 2/14/2023.
FAQ
What insider activity did L.B. Foster (FSTR) disclose for Gregory W. Lippard?
Gregory W. Lippard reported multiple stock awards and a tax-related share withholding. He received common stock through long-term incentive plan grants and performance-based units, and had 8,735 shares withheld at $31.125 per share to cover taxes on vested performance shares.
Why was this Form 4/A for L.B. Foster (FSTR) filed as an amendment?
The Form 4/A was filed to correct previously reported share counts. It adjusts the number of shares beneficially owned and the number of shares withheld to pay taxes related to restricted and performance stock vesting certified by the Compensation Committee.
What do the performance-based awards in this L.B. Foster (FSTR) Form 4/A represent?
The performance-based awards represent shares earned from Performance Share Units and Performance Restricted Stock Units. These units are tied to long-term incentive plans for 2023–2025, 2024–2026, and 2025–2027, and settle in stock after performance periods are certified.
What does the tax-withholding transaction in L.B. Foster (FSTR) Form 4/A mean?
The tax-withholding transaction, coded “F,” reflects 8,735 shares delivered at $31.125 per share to satisfy tax liabilities. These taxes arose from vesting and settlement of earned performance shares granted under the 2023–2025 long-term incentive plan.
How are indirect L.B. Foster (FSTR) holdings reported for Gregory W. Lippard?
Indirect holdings are reported separately from direct ownership. The filing lists 1,531 shares held indirectly through the L.B. Foster Company 401(k) Plan, clarifying that these shares are part of his total beneficial ownership.