FOSTER L B CO·4/A

Mar 9, 3:44 PM ET

KASEL JOHN F 4/A

Research Summary

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Foster L. B. (FSTR) CEO John F. Kasel Withholds Shares for Taxes

What Happened

  • John F. Kasel, President & Chief Executive Officer and Director of Foster L. B. (FSTR), had a total of 8,290 shares disposed (withheld) to pay tax liabilities related to vested restricted stock. The disposals occurred at $31.63 per share: 2,907 shares on 2026-02-13 ($91,948) and 5,383 shares on 2026-02-14 ($170,264), totaling approximately $262,212. These transactions are tax-withholding dispositions (SEC code F), not open-market sales for investment purposes.

Key Details

  • Transaction dates and amounts:
    • 2026-02-13: 2,907 shares withheld @ $31.63 = $91,948
    • 2026-02-14: 5,383 shares withheld @ $31.63 = $170,264
  • Total shares withheld: 8,290; total value ≈ $262,212.
  • Filing: This is an amended Form 4 (filed 2026-03-09) correcting shares withheld to pay taxes; prior amendments were made (see footnotes). The amendment notes corrections related to LTIP and PSU tax-withholding calculations.
  • Notable footnotes (summary):
    • F1: Amendment corrects shares withheld for taxes on 2024–2026 LTIP (awarded 5/23/2024).
    • F2: Earlier amendment (2/20/2026) corrected beneficial ownership and withholding for 50% of a performance award (granted 3/31/2021, earned 2/11/2026).
    • F3/F4: References to performance RSUs earned under 2023–2025 and 2024–2026 LTIPs that will settle upon committee certification.
    • F5: Withholding related to 2023–2025 LTIP awards.
  • Shares owned after the withholding are not explicitly stated in this amendment; the filing corrects prior beneficial ownership figures but does not show a specific post-transaction total in the text provided.

Context

  • Code F transactions are routine tax-withholding events when restricted stock or performance units vest; they do not necessarily indicate a decision to liquidate holdings for investment reasons. This filing amends earlier filings to correct withholding and beneficial-ownership details; no late-filing flag is indicated in the amendment itself.