FOSTER L B CO Insider Trading Activity
FOSTER L B CO large shareholder 22NW Fund, LP reported open-market sales of the company’s Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
FOSTER L B CO large shareholder 22NW Fund, LP reported open-market sales of the company’s Common Stock. On April 1, 22NW Fund sold 38,431 shares at a weighted average price of $28.0473 per share. On March 31, it sold an additional 1,500 shares at $28.02 per share.
After these transactions, 22NW Fund held 1,027,255 shares indirectly, while Aron English also held 905 shares directly. The filing notes all reporting persons may be part of a Section 13(d) group owning over 10% and they each disclaim beneficial ownership beyond their pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 38,431 | $28.0473 | $1.08M |
| Sale | Common Stock | 1,500 | $28.02 | $42K |
| Holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- F2. Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.3025, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each transaction.
- F3. Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund.
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