L.B. Foster (FSTR) SVP reports tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO senior vice president Brian Hunter Friedman reported tax-related share dispositions under the company’s long-term incentive plans. On February 13 and 14, he disposed of 545 and 749 shares of common stock, respectively, at $31.63 per share, to cover tax liabilities tied to vesting restricted stock.
These are coded as tax-withholding dispositions, not open-market sales. After these transactions, he directly owned 25,370 common shares and indirectly held 1,259 shares through the L.B. Foster Company 401(k) Plan. He also has performance restricted stock units scheduled to settle after performance periods end.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Friedman Brian Hunter
Role
SVP, Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 749 | $31.63 | $24K |
| Tax Withholding | Common Stock | 545 | $31.63 | $17K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,370 shares (Direct);
Common Stock — 1,259 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 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 insider transactions did FSTR executive Brian Hunter Friedman report?
Brian Hunter Friedman reported two tax-withholding dispositions of FOSTER L B CO common stock. He disposed of 545 shares and 749 shares at $31.63 per share, related to vesting restricted stock under the company’s 2023-2025 and 2024-2026 long-term incentive plans.
What long-term incentive plans are linked to these FSTR tax-withholding transactions?
The tax-withholding dispositions relate to restricted stock from the 2023-2025 and 2024-2026 Long Term Incentive Plans. Awards were originally granted on February 14, 2023, and May 23, 2024, and shares were withheld as those restricted stock awards vested and triggered tax liabilities.
Does Brian Hunter Friedman hold FSTR performance restricted stock units (PRSUs)?
Yes, his holdings include performance restricted stock units. These comprise 7,937 PRSUs from the 2023-2025 plan and 1,272 PRSUs from the 2024-2026 plan, which are scheduled to settle after December 31, 2025, and December 31, 2026, following Compensation Committee certification.