L.B. Foster SVP disposes shares for tax withholding
FOSTER L B CO senior vice president Brian Hunter Friedman reported tax-related share dispositions under the company’s long-term incentive plans.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 749 | $31.63 | $24K |
| Exercise Price or Tax Liability | Common Stock | 545 | $31.63 | $17K |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2024-2026 LTIP awarded on 5/23/24.
- F2. 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.
- F3. 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.
- F4. Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2023-2025 LTIP awarded on 2/14/23.
FAQ
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What insider transactions did FSTR executive Brian Hunter Friedman report?
What long-term incentive plans are linked to these FSTR tax-withholding transactions?
Does Brian Hunter Friedman hold FSTR performance restricted stock units (PRSUs)?
AI-generated analysis. How Rhea-AI works. Not financial advice.