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.
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.
How many L.B. Foster (FSTR) shares does Gregory W. Lippard hold after these transactions?
After the reported transactions, Gregory W. Lippard directly holds 75,936 shares of L.B. Foster common stock. He also indirectly holds 1,531 shares through the L.B. Foster Company 401(k) Plan, according to the updated beneficial ownership figures.
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.