L.B. Foster (NASDAQ: FSTR) SVP faces 683-share tax withholding on LTIP vesting
Rhea-AI Filing Summary
Foster L B Co senior vice president Robert Ness reported a routine tax-withholding share disposition tied to equity compensation. On the vesting of restricted stock under the 2025–2027 long-term incentive plan, 683 common shares were withheld at $38.11 per share to cover taxes. After this non-market transaction, he holds 32,370 common shares directly, which include 3,219 performance restricted stock units from the 2024–2026 plan and 764 performance restricted stock units from the 2025–2027 plan that will settle after their respective performance periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 683 shares
Net Sell
1 txn
Insider
Ness Robert
Role
SVP, Precast Concrete Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 683 | $38.11 | $26K |
Holdings After Transaction:
Common Stock — 32,370 shares (Direct)
Footnotes (3)
- F1. Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2025-2027 LTIP Awarded 5/22/2025.
- F2. Includes 3,219 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 3,219 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee.
- F3. Includes 764 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 764 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee.
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