L.B. Foster controller reports tax share withholdings
Rhea-AI Filing Summary
L.B. Foster Company’s Controller, Sean M. Reilly, reported tax-related share withholdings tied to vesting of restricted stock. On February 14, 2026, 686 shares of common stock were disposed of at $31.63 per share, and on February 13, 2026, 362 shares were similarly disposed of to cover taxes. After these transactions, he directly owned 26,944 and 27,630 common shares at each respective date, and also held indirect shares through the L.B. Foster Company 401(k) Plan. Footnotes note performance restricted stock units under 2023–2025 and 2024–2026 long-term incentive plans that will settle after their performance periods, and clarify this Form 4/A corrects the previously reported number of tax-withheld shares for an earlier award.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 686 | $31.63 | $22K |
| Exercise Price or Tax Liability | Common Stock | 362 | $31.63 | $11K |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2024-2026 LTIP awarded on 5/23/24.
- F2. Includes 6,614 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 6,614 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
- F3. Includes 859 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 859 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee.
- F4. 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 2023-2025 LTIP awarded on 2/14/23.
FAQ
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What insider transactions did FOSTER L B CO (FSTR) report for Sean M. Reilly?
What long-term incentive awards are mentioned in the FSTR Form 4/A footnotes?
Why was this FOSTER L B CO Form 4/A filed as an amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.