L.B. Foster (FSTR) controller reports tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
REILLY SEAN M
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 686 | $31.63 | $22K |
| Tax Withholding | Common Stock | 362 | $31.63 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,944 shares (Direct);
Common Stock — 1,013 shares (Indirect, L.B. Foster Company 401(k) Plan Shares)
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 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. 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. 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
What insider transactions did FOSTER L B CO (FSTR) report for Sean M. Reilly?
The filing reports two tax-withholding dispositions of common stock by Controller Sean M. Reilly, totaling 1,048 shares at $31.63 per share. These arose from restricted stock vesting under long-term incentive plans, rather than open-market buying or selling activity.
What long-term incentive awards are mentioned in the FSTR Form 4/A footnotes?
Footnotes reference performance restricted stock units from the 2023–2025 and 2024–2026 Long Term Incentive Plans. They state 6,614 units and 859 units respectively, which will settle after performance periods end, following Compensation Committee certification of results.
Why was this FOSTER L B CO Form 4/A filed as an amendment?
The Form 4/A was filed to correct the number of shares previously reported as withheld for taxes on restricted stock vesting under the 2023–2025 LTIP. A footnote explains the amendment adjusts the earlier count of tax-withheld shares from that prior award.