Tax share withholding by Foster (FSTR) SVP Robert Ness disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO senior vice president Robert Ness reported two tax-withholding dispositions of common stock tied to vesting long-term incentive awards. On February 13 and 14, 2026, a total of 1,312 shares were withheld at $31.63 per share to cover tax liabilities. After these transactions, he reports direct ownership of 28,702 common shares, including 7,937 performance restricted stock units scheduled to settle after December 31, 2025 and 1,272 performance restricted stock units scheduled to settle after December 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ness Robert
Role
SVP, Precast Concrete Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 760 | $31.63 | $24K |
| Tax Withholding | Common Stock | 552 | $31.63 | $17K |
Holdings After Transaction:
Common Stock — 28,702 shares (Direct)
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 7,937 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 7,937 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 1,272 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,272 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.
FAQ
What did FSTR executive Robert Ness report in this Form 4 filing?
Robert Ness reported two tax-withholding dispositions of FOSTER L B CO common stock. In total, 1,312 shares were withheld at $31.63 per share to cover taxes on vesting restricted stock from long-term incentive plans.
What long-term incentive awards are referenced in Robert Ness’s FSTR Form 4?
The filing references restricted stock and performance restricted stock units from the 2023–2025 and 2024–2026 Long Term Incentive Plans. It notes 7,937 performance units granted in 2023 and 1,272 performance units granted in 2024, which will settle after their respective performance periods.