Foster L.B. (FSTR) EVP uses company shares to cover tax on awards
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Foster L B Co EVP and General Counsel Patrick J. Guinee reported two tax-related share dispositions under the company’s long-term incentive plans. On February 13 and 14, 2026, a total of 2,435 shares of common stock were withheld at $31.63 per share to cover taxes on vesting restricted stock. After these transactions, Guinee directly held 81,128 shares of common stock, which includes performance restricted stock units earned under the 2023–2025 and 2024–2026 Long Term Incentive Plans. This amended Form 4 corrects the number of shares previously reported as withheld for taxes related to the 2023–2025 plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Guinee Patrick J.
Role
EVP General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,507 | $31.63 | $48K |
| Tax Withholding | Common Stock | 928 | $31.63 | $29K |
Holdings After Transaction:
Common Stock — 81,128 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. Includes 15,874 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 15,874 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 2,194 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 2,194 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. This amended Form 4 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 insider transactions did FSTR executive Patrick J. Guinee report?
Patrick J. Guinee reported two tax-withholding dispositions of Foster L B Co common stock. On February 13 and 14, 2026, a combined 2,435 shares were withheld at $31.63 per share to satisfy taxes due on vesting restricted stock awards under long-term incentive plans.
Were Patrick J. Guinee’s FSTR transactions open-market sales?
No, the transactions were tax-withholding dispositions, not open-market sales. Shares were automatically withheld by Foster L B Co to pay taxes owed on vesting restricted stock from long-term incentive plans, as indicated by transaction code F and the accompanying footnotes.
Why was this Form 4/A for FSTR filed as an amendment?
The Form 4/A was filed to correct the number of shares previously reported as withheld for taxes. The amendment specifies it fixes the share count related to tax withholding on restricted stock vesting from the 2023–2025 Long Term Incentive Plan granted on February 14, 2023.
What long-term incentive plans are referenced in Patrick J. Guinee’s FSTR filing?
The filing references the 2023–2025 and 2024–2026 Long Term Incentive Plans. It notes performance restricted stock units earned under each plan, which are scheduled to settle on December 31, 2025, and December 31, 2026, respectively, after certification by the Compensation Committee.
What do the footnotes reveal about FSTR performance restricted stock units?
The footnotes state that Guinee has 15,874 performance restricted stock units from the 2023–2025 plan and 2,194 from the 2024–2026 plan. These units will settle on December 31, 2025, and December 31, 2026, respectively, once the Compensation Committee certifies performance results.