FOSTER L B CO (FSTR) SVP has 72 shares withheld for taxes on award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO senior vice president Sara Fay Rolli reported a small share disposition related to a tax payment. On March 1, she had 72 shares of common stock withheld at $30.73 per share to cover taxes on a vesting restricted stock award, leaving her with 9,576 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rolli Sara Fay
Role
SVP, Operational Admin
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 72 | $30.73 | $2K |
Holdings After Transaction:
Common Stock — 9,576 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did FSTR executive Sara Fay Rolli report?
Sara Fay Rolli reported a tax-related share disposition. On March 1, 72 FSTR common shares were withheld at $30.73 each to satisfy taxes from a vesting restricted stock award, leaving her with 9,576 directly owned shares afterward.
Was the FSTR Form 4 transaction an open-market sale?
The transaction was not an open-market sale. The Form 4 shows shares were withheld to pay taxes due on a vesting restricted stock award, a common administrative transaction rather than a discretionary sale into the market.
What was the purpose of the restricted stock underlying the FSTR tax withholding?
The withheld shares related to a non-executive restricted stock award. The footnote states they covered taxes from vesting of restricted stock granted under a March 1, 2022 Non-Executive Restricted Stock Award, a standard equity compensation arrangement.