Ness Robert 4/A
Research Summary
AI-generated summary
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.