FOSTER L B CO (FSTR) controller reports equity awards and tax share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foster L.B. Co (FSTR) controller Sean M. Reilly reported multiple equity award-related transactions in company common stock. On grant and performance certification dates tied to long‑term incentive plans, he acquired shares at no cash price and then disposed of 4,308 shares at $31.125 each to cover tax obligations. After these transactions, he directly owned 29,557 common shares, with an additional 1,013 shares held indirectly in the L.B. Foster Company 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
REILLY SEAN M
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,987 | $0.00 | -- |
| Grant/Award | Common Stock | 1,315 | $0.00 | -- |
| Grant/Award | Common Stock | 492 | $0.00 | -- |
| Grant/Award | Common Stock | 2,053 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,308 | $31.125 | $134K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,005 shares (Direct);
Common Stock — 1,013 shares (Indirect, L.B. Foster Company 401(k) Plan Shares)
Footnotes (1)
- Represents the number of shares of common stock resulting from Performance Share Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023 upon certification of performance results by the Compensation Committee at 47.2% for the annual period ended December 31, 2025. Includes 9,601 shares of common stock resulting from the settlement of Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 9,601 Performance Restricted Stock Units settled at the end of the 2023-2025 performance period upon certification by the Compensation Committee on 2/19/2026. Includes 859 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 859 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. Represents the number of Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024 upon certification of performance results by the Compensation Committee at 39.5% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. 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. Represents the number of Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025 upon certification of performance results by the Compensation Committee at 11.2% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by 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. Award of restricted stock units (RSUs), which are settled in stock upon vesting, and generally will vest ratably over a three-year period on the first, second, and third anniversary of the date of grant. Shares withheld to pay taxes upon the vesting and settlement of all earned performance shares related to the 2023-2025 LTIP awarded on 2/14/2023.
FAQ
What insider transactions did FSTR controller Sean M. Reilly report?
Sean M. Reilly reported stock grants and performance-based share settlements, plus a tax-withholding share disposition. The equity came from long-term incentive and restricted stock unit awards, with some shares withheld at $31.125 each to satisfy tax liabilities tied to vested performance shares.
How do Sean M. Reilly’s FSTR restricted stock units vest over time?
Some awards are restricted stock units that settle in stock upon vesting. These RSUs generally vest ratably over three years, with one-third of the award vesting on each of the first, second, and third anniversaries of the grant date, according to the filing’s footnotes.