KASEL JOHN F 4

What Happened

• John F. Kasel, President, CEO and a director of Foster L. B. (FSTR), had 1,667 performance-based stock units convert to common shares on 2026-02-11 (acquired at $0 as compensation). To satisfy tax withholding and realize proceeds, 829 shares were surrendered/withheld at $31.54 each (value $26,147) and an additional 1,667 shares were disposed at $31.54 each (gross proceeds $52,577). Combined reported value of the dispositions is $78,724.
• This transaction reflects vesting and partial disposition of compensation (not a cash purchase) — commonly a routine insider event tied to awards and tax withholding.

Key Details

• Transaction date: 2026-02-11.
• Prices and amounts: 1,667 shares acquired on conversion at $0; 829 shares withheld/disposed at $31.54 ($26,147); 1,667 shares disposed at $31.54 ($52,577).
• Shares owned after transaction: Not specified in the filing.
• Important footnotes:
  • F1: The 1,667 shares represent 50% of a performance-based stock unit award granted 3/31/2021 and earned on 2/11/2026.
  • F4: The original award was 3,333 shares granted 3/31/2021; 1,666 previously vested (4/05/2024). The remaining half vested when the performance condition was met.
  • F2/F3 note other performance restricted stock units from later plans that remain subject to certification/settlement dates.
• Filing timeliness: The filing does not indicate a late filing.

Context

• Derivative/vesting explanation: The M code indicates exercise/conversion of a derivative (here, performance stock units converting into common shares). The F code indicates shares surrendered or withheld to satisfy tax obligations.
• Cashless aspect: Part of the newly vested shares were surrendered/withheld for taxes and part were sold for cash — a common practice when awards vest and taxes are due. This is compensation realization rather than an outright insider buy signal.