L.B. Foster (FSTR) controller uses 425 shares to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L.B. Foster Company controller Sean M. Reilly reported a compensation-related share disposition tied to tax withholding. On the Form 4, 425 shares of common stock were withheld at $38.11 per share to cover taxes on the vesting of restricted stock under the 2025–2027 long-term incentive plan.
After this tax-withholding disposition, Reilly directly holds 29,058 shares of common stock and indirectly holds 1,097 shares through the L.B. Foster Company 401(k) Plan. Footnotes also note additional performance restricted stock units that are scheduled to settle after performance periods ending in 2026 and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
REILLY SEAN M
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 425 | $38.11 | $16K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,058 shares (Direct);
Common Stock — 1,097 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 2025-2027 LTIP awarded on 5/22/25. Includes 2,174 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 2,174 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee. Includes 492 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 492 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee.
Key Figures
Tax-withholding shares: 425 shares
Tax-withholding price: $38.11/share
Direct holdings after transaction: 29,058 shares
+3 more
6 metrics
Tax-withholding shares
425 shares
Shares delivered to cover taxes on restricted stock vesting
Tax-withholding price
$38.11/share
Value per share for tax-withholding disposition
Direct holdings after transaction
29,058 shares
Direct L.B. Foster common stock held by Reilly after Form 4 event
Indirect 401(k) holdings
1,097 shares
L.B. Foster Company 401(k) Plan shares reported as indirect ownership
2024–2026 PRSUs
2,174 units
Performance Restricted Stock Units settling after December 31, 2026
2025–2027 PRSUs
492 units
Performance Restricted Stock Units settling after December 31, 2027
Key Terms
tax-withholding disposition, Performance Restricted Stock Units, Long Term Incentive Plan, 401(k) Plan Shares
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Performance Restricted Stock Units financial
"Includes 2,174 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
Long Term Incentive Plan financial
"earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What did FSTR controller Sean M. Reilly report in this Form 4 filing?
Sean M. Reilly reported a tax-withholding disposition of 425 L.B. Foster common shares. These shares were used to pay taxes on newly vested restricted stock, a routine compensation-related event rather than an open-market share sale.
What long-term incentive plans are referenced in the FSTR Form 4 footnotes?
Footnotes reference the 2024–2026 and 2025–2027 Long Term Incentive Plans. They describe performance restricted stock units that were earned and will settle after performance periods ending December 31, 2026 and December 31, 2027, subject to Compensation Committee certification.
What performance restricted stock units does Sean M. Reilly have linked to FSTR stock?
The filing notes 2,174 performance restricted stock units tied to the 2024–2026 plan and 492 units tied to the 2025–2027 plan. These units are scheduled to settle after December 31, 2026 and December 31, 2027, respectively, once performance is certified.