L.B. Foster (FSTR) SVP Lippard logs tax-withholding stock dispositions in Form 4/A
Rhea-AI Filing Summary
L.B. Foster Company senior vice president Gregory W. Lippard reported tax-related share dispositions tied to long-term incentives. On February 13, 2026, 765 shares of common stock were withheld at $31.63 per share to cover taxes on vesting. On February 14, 2026, an additional 1,340 shares were withheld at $31.63 per share for the same purpose, reflecting tax-withholding dispositions rather than open-market sales.
After these transactions, Lippard directly held 70,772 common shares. He also had indirect ownership of 1,531 shares through the L.B. Foster Company 401(k) Plan. The filing notes 1,749 Performance Restricted Stock Units from the 2024-2026 Long Term Incentive Plan that are scheduled to settle after December 31, 2026, and 13,227 Performance Restricted Stock Units from the 2023-2025 plan expected to settle after December 31, 2025. This amended Form 4 corrects the number of shares withheld for taxes related to the 2023-2025 incentive award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,340 | $31.63 | $42K |
| Tax Withholding | Common Stock | 765 | $31.63 | $24K |
| holding | Common Stock | -- | -- | -- |
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 1,749 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,749 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. Includes 13,227 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 13,227 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 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.