Foster L B Co (FSTR) EVP shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO executive Patrick J. Guinee reported tax-related share withholdings tied to vesting long-term incentives. On February 13 and 14, he disposed of 928 and 1,479 common shares, respectively, at $31.63 per share to cover tax liabilities on restricted stock.
After these tax-withholding dispositions, he directly holds 81,156 common shares. This figure includes 15,874 performance restricted stock units from the 2023–2025 plan, settling after December 31, 2025, and 2,194 units from the 2024–2026 plan, settling after December 31, 2026, subject to Compensation Committee certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Guinee Patrick J.
Role
EVP General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,479 | $31.63 | $47K |
| Tax Withholding | Common Stock | 928 | $31.63 | $29K |
Holdings After Transaction:
Common Stock — 81,156 shares (Direct)
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 15,874 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 15,874 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 2,194 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 2,194 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 transaction did FSTR executive Patrick J. Guinee report?
Patrick J. Guinee reported tax-withholding dispositions of company stock. He had 928 and 1,479 common shares withheld on two dates to pay taxes due on vesting restricted stock under long-term incentive plans.
Were the FSTR Form 4 transactions open-market stock sales?
No, the transactions were tax-withholding dispositions, not open-market sales. Shares were delivered back to cover tax liabilities arising from the vesting of restricted stock awarded under FOSTER L B CO long-term incentive plans.
What performance restricted stock units are included in Guinee’s FSTR holdings?
His holdings include 15,874 performance restricted stock units from the 2023–2025 plan and 2,194 units from the 2024–2026 plan. These units will settle after December 31, 2025 and December 31, 2026, respectively, following Compensation Committee certification.
What long-term incentive plans are referenced in the FSTR Form 4 filing?
The filing references the 2023–2025 and 2024–2026 Long Term Incentive Plans. Restricted stock vested under these plans triggered tax liabilities, while earned performance restricted stock units will settle at the end of each plan’s performance period, subject to certification.