L.B. Foster EVP exercises 1,667 performance stock units
Rhea-AI Filing Summary
L.B. Foster Company EVP, General Counsel & Secretary Patrick J. Guinee reported equity award activity involving company stock. On 02/11/2026, he acquired 1,667 shares of common stock at $0 per share through the exercise of performance stock units, an equity incentive award.
On the same date, 819 shares of common stock at $31.54 per share were withheld to cover tax obligations, leaving him with 83,563 shares of common stock held directly after these transactions. The performance-based stock unit amount of 1,667 shares represents 50% of an award granted on 03/31/2021 and earned on 02/11/2026, tied to stock price and continued employment conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 1,667 | $31.54 | $53K |
| Exercise | Common Stock | 1,667 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 819 | $31.54 | $26K |
| holding | Performance Stock Units | -- | -- | -- |
Footnotes (4)
- F1. This amount represents 50 percent of the Performance-based stock unit award granted on 3/31/2021 and earned on 2/11/2026.
- F2. Includes 15,874 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 15,874 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 2,194 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 2,194 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee.
- F4. Performance-based stock unit award of 3,333 shares was granted on 3/31/2021 and expires on 02/28/2026, 5 years after the grant date. Fifty percent of the award, or 1,666 shares, was earned on 4/05/2024. The remaining 50% of the award, or 1,667 shares, may be earned when the consecutive 30-day average closing stock price per share of the Company's common stock on the Nasdaq Stock Market is $30.00 per share or more and is generally subject to continued employment with the Company.
FAQ
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What insider transactions did L.B. Foster (FSTR) report for Patrick J. Guinee?
What equity award did Patrick J. Guinee exercise in the L.B. Foster (FSTR) Form 4?
What performance conditions applied to Patrick J. Guinee’s L.B. Foster stock units?
How do L.B. Foster (FSTR) performance restricted stock units factor into this Form 4?
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