FOSTER L B CO·4/A

Mar 9, 3:48 PM ET

THALMAN WILLIAM M 4/A

Research Summary

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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.