Equity award vests for L.B. Foster (NASDAQ: FSTR) EVP Patrick Guinee
Filing Impact
Filing Sentiment
Form Type
4
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
1,667 shares exercised/converted
Mixed
4 txns
Insider
Guinee Patrick J.
Role
EVP General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 1,667 | $31.54 | $53K |
| Exercise | Common Stock | 1,667 | $0.00 | -- |
| Tax Withholding | Common Stock | 819 | $31.54 | $26K |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Common Stock — 84,382 shares (Direct)
Footnotes (1)
- This amount represents 50 percent of the Performance-based stock unit award granted on 3/31/2021 and earned on 2/11/2026. 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. 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. 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
What insider transactions did L.B. Foster (FSTR) report for Patrick J. Guinee?
Patrick J. Guinee reported exercising 1,667 performance stock units into common stock at $0 per share. On the same day, 819 shares at $31.54 per share were withheld to satisfy tax obligations, resulting in 83,563 common shares held directly after the reported transactions.
What equity award did Patrick J. Guinee exercise in the L.B. Foster (FSTR) Form 4?
He exercised 1,667 performance-based stock units that converted into an equal number of L.B. Foster common shares. These units represent 50% of a 3,333-share award granted on 03/31/2021, which was earned on 02/11/2026 under specified performance and employment conditions.
What performance conditions applied to Patrick J. Guinee’s L.B. Foster stock units?
The performance-based award totaled 3,333 shares granted on 03/31/2021 and expires on 02/28/2026. Half was previously earned, while the remaining 1,667 shares may be earned if the 30-day average Nasdaq closing price reaches $30.00 or more, generally requiring continued employment.
How do L.B. Foster (FSTR) performance restricted stock units factor into this Form 4?
The filing notes 15,874 performance restricted stock units from the 2023–2025 plan and 2,194 from the 2024–2026 plan are included in the beneficial ownership figure. These units settle after their respective performance periods end, subject to Compensation Committee certification of results.