Tax-withholding share moves by L.B. Foster (FSTR) CEO Kasel
Rhea-AI Filing Summary
L.B. Foster Company director and CEO John F. Kasel reported tax-related share dispositions in this amended Form 4. On February 13 and 14, 2026, a total of 8,459 shares of common stock were withheld at $31.63 per share to cover taxes on vesting restricted stock under the 2023-2025 and 2024-2026 long-term incentive plans.
After these dispositions, he directly owned 217,081 shares, and 13,908 shares were held indirectly in the L.B. Foster Company 401(k) Plan. Footnotes note additional performance restricted stock units, including 58,202 RSUs from the 2023-2025 plan and 7,632 RSUs from the 2024-2026 plan, which will settle after their respective performance periods.
The amendment also corrects previously reported tax-withheld shares tied to a performance-based stock unit award granted on March 31, 2021 and earned on February 11, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,383 | $31.63 | $170K |
| Tax Withholding | Common Stock | 3,076 | $31.63 | $97K |
| holding | Common Stock | -- | -- | -- |
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 58,202 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 58,202 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. 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 of the Compensation Committee. 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 2/12/2026. The amendment to the Form 4 was filed on 2/23/2026 to correct the number of shares withheld to pay taxes applicable to 50 percent of the Performance-based stock unit award granted on 3/31/2021 and earned on 2/11/2026. Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2023-2025 LTIP awarded on 2/14/23.