L.B. Foster (NASDAQ: FSTR) CEO corrects tax-withheld shares in Form 4
Rhea-AI Filing Summary
L.B. Foster Company director and CEO John F. Kasel reported an amended Form 4 reflecting equity award activity. On February 11, 2026, he exercised 1,667 Performance Stock Units from a performance-based award granted on March 31, 2021, converting them into an equal number of common shares.
To cover related tax obligations, 814 common shares were withheld at a price of $31.54 per share, reducing his directly held common stock to 225,540 shares. He also reports 13,908 common shares held indirectly in the L.B. Foster Company 401(k) Plan and 1,667 Performance Stock Units outstanding, plus additional performance restricted stock units tied to long-term incentive plans.
The amendment states it was filed to correct the previously reported number of shares withheld for taxes on 50 percent of the March 31, 2021 performance-based stock unit award that was earned on February 11, 2026.
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