Tax share withholdings by Foster L B CO (FSTR) senior VP
Rhea-AI Filing Summary
FOSTER L B CO senior vice president Robert Ness reported amended insider transactions related to tax withholding on vested stock awards. On February 13 and 14, 2026, a total of 850 and 548 shares of common stock, respectively, were disposed of at $31.63 per share to cover tax liabilities tied to restricted stock vesting under the company’s 2023–2025 and 2024–2026 Long Term Incentive Plans. After these tax-withholding dispositions, he continued to hold tens of thousands of shares, including performance restricted stock units scheduled to settle at the end of the 2025 and 2026 performance periods upon Compensation Committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 850 | $31.63 | $27K |
| Tax Withholding | Common Stock | 548 | $31.63 | $17K |
Footnotes (1)
- 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 2024-2026 LTIP awarded on 5/23/24. Includes 1,272 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,272 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. Includes 7,937 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 7,937 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. This amended Form 4 was filed to also 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 Robert Ness report?
Robert Ness reported two tax-withholding dispositions of FSTR common stock. On February 13 and 14, 2026, a total of 548 and 850 shares, respectively, were withheld and disposed of at $31.63 per share to satisfy tax obligations on vested restricted stock.
Why was this Form 4/A for FOSTER L B CO (FSTR) filed as an amendment?
The amended Form 4 was filed to correct the number of shares withheld to pay taxes. These corrections relate to restricted stock vesting under the 2023–2025 and 2024–2026 Long Term Incentive Plans, ensuring the reported tax-withholding share amounts are accurate.
Were the FSTR insider transactions open-market sales or tax withholdings?
The reported FSTR insider transactions were tax-withholding dispositions, not open-market sales. Shares of common stock were delivered and disposed of to pay tax liabilities arising from the vesting of restricted stock granted under the company’s long-term incentive plans.
What long-term incentive awards are mentioned in the FSTR Form 4/A footnotes?
The footnotes reference performance restricted stock units from the 2023–2025 and 2024–2026 Long Term Incentive Plans. Awards of 7,937 and 1,272 units are scheduled to settle after the performance periods end, subject to Compensation Committee certification.
Does Robert Ness still hold FSTR equity after these tax-withholding transactions?
Yes. After the tax-withholding dispositions, Robert Ness continued to hold tens of thousands of FSTR shares, including performance restricted stock units that are expected to settle at the end of the 2025 and 2026 performance periods upon certification.