Foster L B (FSTR) CEO amends filing on tax-share withholdings
Rhea-AI Filing Summary
Foster L B Co President and CEO John F. Kasel filed an amended insider report showing shares withheld to cover taxes on recent equity awards. On February 14, 2026, 5,383 shares of common stock were disposed of at $31.63 per share for tax-withholding, leaving 217,250 directly held shares. On February 13, 2026, another 2,907 shares were withheld at the same price, after which direct holdings were 222,633 shares. The amendment corrects prior reports of shares withheld for taxes tied to restricted stock and performance-based awards under the company’s long-term incentive plans. Kasel also indirectly holds 13,908 shares through the L.B. Foster Company 401(k) Plan and has earned 58,202 performance restricted stock units for the 2023–2025 plan and 7,632 units for the 2024–2026 plan that are scheduled to settle after their respective performance periods, subject to Compensation Committee certification.
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 | 2,907 | $31.63 | $92K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This amendment was filed to correct the shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2024-2026 LTIP awarded on 5/23/24. An amendment to the original Form 4 was filed on 2/20/2026 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 2/20/2026 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. 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. Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2023-2025 LTIP awarded on 2/14/23.