22NW Fund trims FOSTER L B CO (FSTR) stake with 11,717-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO major holder 22NW Fund, LP reported open-market sales of Common Stock associated with Aron English and related entities. The fund sold 8,968 shares at a weighted average price of about $28.0208 on March 26, 862 shares at $28.0200 on March 27, and 1,887 shares at a weighted average price of about $28.0111 on March 30, totaling 11,717 shares.
After these transactions, 22NW Fund indirectly holds 1,067,186 shares, while 905 shares are reported as directly owned. The reporting persons may be deemed part of a Section 13(d) group owning more than 10% and disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,717 shares ($328,301)
Net Sell
4 txns
Insider
English Aron R., 22NW, LP, 22NW Fund, LP, 22NW Fund GP, LLC, 22NW GP, Inc.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
11,717 shs ($328K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,887 | $28.0111 | $53K |
| Sale | Common Stock | 862 | $28.02 | $24K |
| Sale | Common Stock | 8,968 | $28.0208 | $251K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,067,186 shares (Indirect, By: 22NW Fund, LP);
Common Stock — 905 shares (Direct)
Footnotes (1)
- 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. Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.1200, 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. 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. Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.1000, 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.
Key Figures
Shares sold March 26: 8,968 shares
Shares sold March 27: 862 shares
Shares sold March 30: 1,887 shares
+5 more
8 metrics
Shares sold March 26
8,968 shares
Common Stock open-market sale at ~$28.0208
Shares sold March 27
862 shares
Common Stock open-market sale at $28.0200
Shares sold March 30
1,887 shares
Common Stock open-market sale at ~$28.0111
Total shares sold
11,717 shares
Net-sell across three transactions
Indirect holdings after trades
1,067,186 shares
Common Stock indirectly owned following sales
Direct holdings after trades
905 shares
Common Stock directly owned as of March 26 entry
Sale price range (footnote F2)
$28.0000–$28.1200
Multiple transactions underlying weighted average price
Sale price range (footnote F4)
$28.0000–$28.1000
Multiple transactions underlying weighted average price
Key Terms
Section 13(d) group, beneficial ownership, pecuniary interest, weighted average price, +2 more
6 terms
Section 13(d) group regulatory
"may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10%"
beneficial ownership regulatory
"Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein"
weighted average price financial
"Represents a weighted average price. These shares were sold in multiple transactions at prices ranging"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
investment manager financial
"As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities"
general partner financial
"As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
FAQ
What did 22NW Fund report in its latest Form 4 for FSTR?
22NW Fund, LP reported open-market sales of 11,717 FOSTER L B CO (FSTR) shares across three days at prices around $28 per share. These transactions reflect trading by a holder that may be part of a group owning over 10% of the company.
Who are the reporting persons on this FSTR Form 4 filing?
The Form 4 lists 22NW Fund, LP, 22NW, LP, 22NW Fund GP, LLC, 22NW GP, Inc., and Aron English as reporting persons. They may be deemed part of a Section 13(d) group that beneficially owns more than 10% of FOSTER L B CO’s common stock.