Friedman Brian Hunter 4/A
Research Summary
AI-generated summary
FOSTER L B CO (FSTR) SVP Brian Friedman Sells Shares to Cover Taxes
What Happened
- Brian Hunter Friedman, SVP & Chief Growth Officer of Foster L B Co (FSTR), had a total of 965 shares disposed (withheld) to satisfy tax withholding related to vested restricted stock/awards. The disposals occurred as follows: 380 shares on 2026-02-13 at $31.63 each ($12,019) and 585 shares on 2026-02-14 at $31.63 each ($18,504). These transactions are coded "F" (payment of exercise price or tax liability), i.e., shares were withheld to cover tax obligations rather than sold in an open-market trade.
Key Details
- Transaction dates and prices:
- 2026-02-13: 380 shares @ $31.63 = $12,019
- 2026-02-14: 585 shares @ $31.63 = $18,504
- Total shares withheld: 965; total value ≈ $30,523
- Transaction code: F — tax withholding to satisfy tax liability on vesting.
- Shares owned after transaction: Not specified in the supplied Form 4 summary; see the full filing for post-transaction beneficial ownership.
- Filing status: This is an amended Form 4. Footnotes F1 and F4 state the amendment corrects the number of shares withheld to pay taxes for vested restricted stock under the 2024–2026 and 2023–2025 LTIP awards.
- Related award details:
- F2: Includes 1,272 Performance Restricted Stock Units (2024–2026 LTIP, granted 5/23/2024) that will settle on 12/31/2026 upon Compensation Committee certification.
- F3: Includes 7,937 Performance Restricted Stock Units (2023–2025 LTIP, granted 2/14/2023) that will settle on 12/31/2025 upon certification.
Context
- These are routine tax-withholding dispositions tied to award vesting (not open-market sales indicating directional investment sentiment). The "F" code indicates shares were retained/forfeited to cover taxes rather than a discretionary sell. The amended filing corrects withholding amounts; no 10b5‑1 plan or late-filing flag is indicated in the provided summary. For full ownership totals and exact award vesting details, consult the complete amended Form 4 (Accession: 0000352825-26-000018).