THALMAN WILLIAM M 4/A
4/A · FOSTER L B CO · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Foster L B Co (FSTR) EVP & CFO William Thalman Sells Shares
What Happened
William M. Thalman, EVP & CFO of Foster L B Co (FSTR), disposed of a total of 2,743 shares via tax-withholding to satisfy taxes on vesting restricted stock. On 2026-02-13, 1,007 shares were withheld at $31.63 per share ($31,851). On 2026-02-14, 1,736 shares were withheld at $31.63 per share ($54,910). Total value of the dispositions was $86,761. These are withholding transactions (Code F) related to LTIP/RSU vesting, not open-market sales.
Key Details
- Transaction dates and prices:
- 2026-02-13: 1,007 shares withheld at $31.63 (value $31,851)
- 2026-02-14: 1,736 shares withheld at $31.63 (value $54,910)
- Total shares withheld: 2,743; total value: $86,761.
- Shares owned after transaction: not specified in this amended Form 4 (see company filings for current beneficial ownership).
- Filing status: This is an amended Form 4 filed 2026-03-09; earlier amendment(s) were filed (including 2/20/2026) to correct withheld-share counts and beneficial ownership. The Form 4 filing date is later than the transaction dates (appears untimely relative to the usual 2-business-day Form 4 reporting requirement).
- Notable footnotes:
- F1/F5: Shares were withheld to pay taxes on vesting restricted stock related to the 2024-2026 and 2023-2025 LTIPs.
- F2: An earlier amendment corrected amounts withheld and beneficial ownership related to a 3/31/2021 performance award earned 2/11/2026.
- F3/F4: Filing references earned Performance RSUs from prior LTIP grants that will settle at the end of their performance periods (18,519 PRSUs from 2023–2025; 2,385 PRSUs from 2024–2026).
Context
These transactions are routine tax-withholding dispositions tied to the vesting of restricted stock/performance units and do not necessarily signal a change in insider sentiment. They differ from open-market sales (S) because shares were retained/forfeited to cover tax liabilities rather than sold for cash proceeds to the insider.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3][F4]2026-02-13$31.63/sh−1,007$31,851→ 73,743 total - Tax Payment
Common Stock
[F5][F3][F4]2026-02-14$31.63/sh−1,736$54,910→ 72,007 total
Footnotes (5)
- [F1]Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2024-2026 LTIP awarded on 5/23/24.
- [F2]An amendment to the original Form 4 was filed on 2/20/2026 to correct the number of shares beneficially owned to reflect the amendment made to the Form 4 originally filed on 2/12/2026. The amendment to the Form 4 was filed on 2/20/2026 to correct the number of shares withheld to pay taxes applicable to 50 percent of the Performance-based stock unit award granted on 3/31/2021 and earned on 2/11/2026.
- [F3]Includes 18,519 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 18,519 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
- [F4]Includes 2,385 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 2,385 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee.
- [F5]This amendment was filed to correct the number of shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2023-2025 LTIP awarded on 2/14/23.