L.B. Foster (FSTR) CEO updates Form 4 for equity grants and tax withholding
Rhea-AI Filing Summary
L.B. Foster Company’s president and CEO John F. Kasel reported several equity awards and related tax withholding in common stock. On February 19, 2026, he acquired multiple blocks of common shares at a stated price of $0 under long-term incentive plans, reflecting earned performance share and restricted stock unit awards.
On the same date, 36,746 common shares at $31.125 per share were withheld to satisfy tax obligations tied to the vesting and settlement of earned performance shares from the 2023–2025 long-term incentive plan, rather than being sold on the open market. Footnotes explain that additional performance-based RSUs for the 2024–2026 and 2025–2027 periods will settle at future period-ends after Compensation Committee certification. This amended Form 4 corrects previously reported beneficial ownership and the number of shares withheld for taxes on an earlier award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,289 | $0.00 | -- |
| Grant/Award | Common Stock | 11,684 | $0.00 | -- |
| Grant/Award | Common Stock | 4,754 | $0.00 | -- |
| Grant/Award | Common Stock | 20,534 | $0.00 | -- |
| Tax Withholding | Common Stock | 36,746 | $31.125 | $1.14M |
| 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 7,632 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 7,632 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. Includes 84,491 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 84,491 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 2/18/26. 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 related to the 2024-2026 LTIP awarded on 5/23/24. 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 19,316 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 19,316 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 4,754 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 4,754 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.