FSTR (FSTR) CEO Kasel has shares withheld to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO director and CEO John F. Kasel reported tax-related share dispositions linked to vesting of long-term incentives. On February 13 and 14, 2026, a total of 8,459 shares of common stock at $31.63 per share were withheld to pay taxes on restricted stock vesting under the company’s 2023–2025 and 2024–2026 long-term incentive plans.
After these transactions, he directly owned 217,066 shares and indirectly held 13,908 shares through the L.B. Foster Company 401(k) Plan. His direct holdings include 58,202 performance restricted stock units scheduled to settle after December 31, 2025 and 7,632 performance restricted stock units scheduled to settle after December 31, 2026, each subject to Compensation Committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KASEL JOHN F
Role
President & Chief Exec Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,383 | $31.63 | $170K |
| Tax Withholding | Common Stock | 3,076 | $31.63 | $97K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 217,066 shares (Direct);
Common Stock — 13,908 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 58,202 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 58,202 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 7,632 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 7,632 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee. 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 CEO John F. Kasel report on this Form 4?
John F. Kasel reported dispositions of common stock used to pay taxes on vesting restricted stock awards. On February 13 and 14, 2026, a total of 8,459 shares were withheld at $31.63 per share in tax-withholding transactions, not open-market sales.
Were John F. Kasel’s FSTR transactions open-market sales or tax withholdings?
The transactions were tax-withholding dispositions, not open-market sales. The Form 4 specifies transaction code F, described as payment of tax liability by delivering securities, and footnotes state shares were withheld to pay taxes on restricted stock vesting under LTIP awards.
What long-term incentive plans are referenced in John F. Kasel’s FSTR Form 4?
The filing references the 2023–2025 and 2024–2026 Long Term Incentive Plans. Footnotes note restricted stock vesting under these LTIPs and performance restricted stock units that may settle after December 31, 2025 and December 31, 2026, subject to Compensation Committee certification.
What performance restricted stock units are included in John F. Kasel’s FSTR holdings?
His reported holdings include 58,202 performance restricted stock units from the 2023–2025 plan and 7,632 performance restricted stock units from the 2024–2026 plan. These units will settle after December 31, 2025 and December 31, 2026, respectively, once certified by the Compensation Committee.