Tax-withholding share dispositions by FOSTER L B CO (FSTR) senior vice president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO senior vice president Sara Fay Rolli reported routine share dispositions related to tax withholding on vested equity awards. On two dates, she surrendered a total of 265 shares of common stock at a price of $31.63 per share to cover tax liabilities tied to restricted stock vesting under the company’s long-term incentive plans. After these non-market transactions, she directly owns 7,332 common shares, a figure that includes performance-based restricted stock units earned under the 2023–2025 and 2024–2026 Long Term Incentive Plans that are scheduled to settle after their respective performance periods end.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rolli Sara Fay
Role
SVP, Operational Admin
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 153 | $31.63 | $5K |
| Tax Withholding | Common Stock | 112 | $31.63 | $4K |
Holdings After Transaction:
Common Stock — 7,332 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 2,116 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 2,116 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. Includes 382 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 382 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 did FOSTER L B CO executive Sara Fay Rolli report on this Form 4 for FSTR?
Sara Fay Rolli reported share dispositions used to pay taxes on vested restricted stock. The transactions involved common shares withheld under long-term incentive plans rather than open-market sales, reflecting routine tax withholding activity associated with equity compensation vesting.
Are the FSTR Form 4 transactions by Sara Fay Rolli open-market sales or tax withholding?
The transactions are tax-withholding dispositions, not open-market sales. Shares were withheld to pay taxes due upon vesting of restricted stock from the company’s 2023–2025 and 2024–2026 Long Term Incentive Plans, as described in the Form 4 footnotes.