Ness Robert 4/A
4/A · FOSTER L B CO · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Foster L. B. (FSTR) SVP Robert Ness Receives Award; Withholds Shares
What Happened
- Robert Ness, Senior Vice President — Precast Concrete Products at Foster L. B. Co. (FSTR), was credited with 9,718 shares as awards on 2026-02-19 (reported as acquisitions at $0.00 per share) and 5,281 shares were disposed/withheld to cover tax liabilities at $31.13 per share (reported value $164,371). The awards are performance- and restricted-stock-related grants; the withheld shares satisfy payroll/tax obligations rather than an open-market sale.
Key Details
- Transaction date: 2026-02-19 (reported on an amended Form 4 filed 2026-03-09).
- Awards: 3,585; 1,947; 764; and 3,422 shares reported as awards (total 9,718) at $0.00 (code A).
- Tax withholding/disposition: 5,281 shares withheld/disposed at $31.13 per share for $164,371 (code F).
- Net change to holdings from these entries: +4,437 shares (9,718 awarded − 5,281 withheld).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: awards arise from performance/share-unit plans (2023–2025, 2024–2026, 2025–2027 LTIP grants); the 2023–2025 performance result was certified and a portion settled on 2/19/2026. The filing was amended to correct the number of shares withheld for taxes and beneficial ownership.
- Codes: A = award/grant; F = shares withheld to pay taxes upon vesting (routine tax withholding, not necessarily a discretionary sale).
Context
- These entries reflect the vesting/settlement of performance restricted stock units and related tax withholding. Withholding of shares to cover taxes is a common administrative action and does not necessarily indicate a discretionary decision to sell for investment reasons.
- The Form 4 was amended on 2026-03-09 to correct withholding and beneficial-ownership figures; see the full SEC filing for the updated beneficial ownership total and any additional clarifications.
Insider Transaction Report
Form 4/AAmended
FOSTER L B COFSTR
Ness Robert
SVP, Precast Concrete Products
Transactions
- Award
Common Stock
[F1][F2][F3][F4]2026-02-19+3,585→ 32,201 total - Award
Common Stock
[F5][F3][F6]2026-02-19+1,947→ 34,148 total - Award
Common Stock
[F7][F3][F6][F8]2026-02-19+764→ 34,912 total - Award
Common Stock
[F9][F3][F6][F8]2026-02-19+3,422→ 38,334 total - Tax Payment
Common Stock
[F10][F6][F8]2026-02-19$31.13/sh−5,281$164,371→ 33,053 total
Footnotes (10)
- [F1]Represents the number of shares of common stock resulting from Performance Share Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023 upon certification of performance results by the Compensation Committee at 47.2% for the annual period ended December 31, 2025.
- [F10]Shares withheld to pay taxes upon the vesting and settlement of all earned performance shares related to the 2023-2025 LTIP awarded on 2/14/2023.
- [F2]Includes 1,272 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,272 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee.
- [F3]Includes 11,522 shares of common stock resulting from the settlement of Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 11,522 Performance Restricted Stock Units settled at the end of the 2023-2025 performance period upon certification by the Compensation Committee on 2/19/2026.
- [F4]This amended Form 4 was filed to correct the number of shares beneficially owned to reflect the amendment made to the Form 4 originally filed on 2/18/2026. The amendment to the Form 4 was filed on 3/09/2026 to correct the number of shares withheld to pay taxes applicable to the vesting of restricted stock on 2/13/2026 and 2/14/2026.
- [F5]Represents the number of Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024 upon certification of performance results by the Compensation Committee at 39.5% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee.
- [F6]Includes 3,219 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 3,219 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee.
- [F7]Represents the number of Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025 upon certification of performance results by the Compensation Committee at 11.2% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee.
- [F8]Includes 764 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 764 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee.
- [F9]Award of restricted stock units (RSUs), which are settled in stock upon vesting, and generally will vest ratably over a three-year period on the first, second, and third anniversary of the date of grant.
Signature
Robert Ness by Judith Balog, attorney-in-fact|2026-03-09