Foster L B (NASDAQ: FSTR) SVP reports tax-share dispositions
Rhea-AI Filing Summary
Foster L B Co senior vice president Sara Fay Rolli reported amended insider transactions related to tax withholding on equity awards. On February 14, 2026, 221 shares of common stock were disposed of at $31.63 per share to cover tax obligations, leaving 7,215 shares held directly. On February 13, 2026, 161 shares were similarly disposed of at $31.63, after which direct holdings were 7,436 shares.
The filing states these corrections relate to restricted stock vesting under the company’s 2023–2025 and 2024–2026 Long Term Incentive Plans. Rolli’s reported holdings also include 2,116 Performance Restricted Stock Units from the 2023–2025 plan and 382 Performance Restricted Stock Units from the 2024–2026 plan, which are scheduled to settle after performance periods ending December 31, 2025 and December 31, 2026, respectively, upon Compensation Committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 221 | $31.63 | $7K |
| Tax Withholding | Common Stock | 161 | $31.63 | $5K |
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 2,116 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 2,116 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 382 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 382 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 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.