Foster (NASDAQ: FSTR) SVP Lippard reports tax-withholding stock disposals
Rhea-AI Filing Summary
L.B. Foster Company senior vice president of Rail, Gregory W. Lippard, reported tax-related share dispositions under the company’s long-term incentive plans. On February 14, 2026, 1,280 shares of common stock were withheld at $31.63 per share to cover taxes tied to vesting of restricted stock from the 2024–2026 long-term incentive plan.
On February 13, 2026, an additional 765 shares were similarly withheld at $31.63 per share for taxes on restricted stock vesting under the 2023–2025 plan. After these transactions, Lippard directly held 70,832 common shares, and indirectly held 1,531 shares through the L.B. Foster Company 401(k) Plan. Footnotes note performance restricted stock units that will settle after future performance periods upon compensation committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,280 | $31.63 | $40K |
| Tax Withholding | Common Stock | 765 | $31.63 | $24K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2024-2026 LTIP awarded on 5/23/24. Includes 13,227 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 13,227 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 1,749 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,749 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee. Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2023-2025 LTIP awarded on 2/14/23.