22NW, LP 4
4 · FOSTER L B CO · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Foster L B Co (FSTR) 10% Owner Aron English Sells Shares
What Happened
- Aron R. English (reported as a 10% owner through the 22NW group) sold a total of 107,019 Foster L B Co (FSTR) shares in open-market transactions between March 23–25, 2026, generating approximately $3.04 million in proceeds.
- Trade breakdown: Mar 23 — 78,414 shares @ $28.51 = $2,235,607; Mar 24 — 25,889 shares @ $28.19 = $729,718; Mar 25 — 2,716 shares @ $28.09 = $76,282. These are outright sales (code S on the Form 4).
Key Details
- Dates & prices: Mar 23–25, 2026; reported per-trade weighted average prices shown above. Filing footnotes state the shares were sold in multiple transactions at prices ranging roughly from $28.00 to $29.00; the filers can provide per-transaction detail on request.
- Ownership after trade: Not specified in the excerpt provided here (the full Form 4 may list post-transaction holdings).
- Reporting group: The Form 4 is filed jointly by 22NW Fund, LP; 22NW, LP; 22NW Fund GP, LLC; 22NW GP, Inc.; and Aron English. The group may be deemed a Section 13(d) group that beneficially owns >10% of the company (footnote disclosure).
- Timeliness: Form 4 was filed March 25, 2026 covering trades through March 25 — appears to be filed timely under Form 4 rules.
- Transaction type: Straight sales (no options exercised, no awards, no gifts).
Context
- Aron English’s activity is reported as part of an investment fund/group (22NW), so these sales reflect institutional/group holdings rather than a corporate officer’s compensation action. The filing is factual and does not state a motive; sales by large holders can reflect portfolio rebalancing, tax planning, or other non-operational reasons.
Insider Transaction Report
Form 4
FOSTER L B COFSTR
English Aron R.
10% Owner
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-03-23$28.51/sh−78,414$2,235,607→ 1,107,508 total(indirect: By: 22NW Fund, LP) - Sale
Common Stock
[F1][F4][F3]2026-03-24$28.19/sh−25,889$729,718→ 1,081,619 total(indirect: By: 22NW Fund, LP) - Sale
Common Stock
[F1][F5][F3]2026-03-25$28.09/sh−2,716$76,282→ 1,078,903 total(indirect: By: 22NW Fund, LP)
Holdings
- 905
Common Stock
[F1]
Footnotes (5)
- [F1]This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- [F2]Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $29.0000, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each transaction.
- [F3]Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund.
- [F4]Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.7350, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each transaction.
- [F5]Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.5000, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each transaction.