Foster L B Co (FSTR) SVP logs stock awards and tax withholding
Rhea-AI Filing Summary
Foster L B Co senior vice president Robert Ness reported multiple stock award transactions and a tax-withholding share disposition. On February 19, 2026, he acquired 3,585, 1,947, 764, and 3,422 shares of common stock through grants and settlements of performance share and restricted stock unit awards under the company’s long-term incentive plans.
Footnotes explain these awards relate to the 2023-2025, 2024-2026, and 2025-2027 Long Term Incentive Plans, with earned performance measured at 47.2%, 39.5%, and 11.2% for the 2025 performance year. A separate transaction disposed of 5,281 shares at $31.125 per share to cover taxes on vested performance shares. The amended Form 4 corrects the number of shares beneficially owned and the shares withheld for taxes in earlier filings.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,585 | $0.00 | -- |
| Grant/Award | Common Stock | 1,947 | $0.00 | -- |
| Grant/Award | Common Stock | 764 | $0.00 | -- |
| Grant/Award | Common Stock | 3,422 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,281 | $31.125 | $164K |
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 1,272 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,272 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee. Includes 11,522 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 11,522 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 2/13/2026 and 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 3,219 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 3,219 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 764 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 764 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.