Tax withholdings trim Foster L B (FSTR) controller’s share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO controller Sean M. Reilly reported two tax-related share disposals, where the company withheld 612 and 362 shares of common stock at $31.63 per share to cover taxes on vested restricted stock under the 2023-2025 and 2024-2026 long-term incentive plans. After these transactions, he directly owned 27,018 common shares, and his holdings also include 6,614 performance restricted stock units scheduled to settle after December 31, 2025 and 859 units scheduled to settle after December 31, 2026, subject to Compensation Committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
REILLY SEAN M
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 612 | $31.63 | $19K |
| Tax Withholding | Common Stock | 362 | $31.63 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,018 shares (Direct);
Common Stock — 1,013 shares (Indirect, L.B. Foster Company 401(k) Plan Shares)
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 6,614 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 6,614 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 859 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 859 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 insider transactions did FSTR controller Sean Reilly report?
Sean Reilly reported two tax-withholding dispositions where 612 and 362 FOSTER L B CO common shares were withheld at $31.63 per share. These shares were used to pay taxes on vesting restricted stock from long-term incentive plans, not open-market sales.
Were Sean Reilly’s FSTR transactions open-market sales?
No, the transactions were not open-market sales. They were coded “F” and described as share withholdings to pay tax liabilities upon vesting of restricted stock under the company’s 2023-2025 and 2024-2026 long-term incentive plans, a common administrative mechanism.
What performance restricted stock units does Sean Reilly hold in FSTR?
Reilly’s holdings include 6,614 performance restricted stock units from the 2023-2025 plan and 859 units from the 2024-2026 plan. These units are scheduled to settle after December 31, 2025 and December 31, 2026, respectively, upon Compensation Committee certification.
How are Sean Reilly’s indirect FSTR holdings reported?
The Form 4 notes 1,013 FOSTER L B CO common shares held indirectly through the L.B. Foster Company 401(k) Plan. This position is reported as indirect ownership, separate from his directly held common shares and performance-based restricted stock units under long-term incentive plans.