Foster Michael J. 4
Research Summary
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LSB Industries (LXU) EVP Michael J. Foster Sells Shares for Taxes
What Happened Michael J. Foster, EVP, General Counsel and Secretary of LSB Industries (LXU), had a total of 8,563 shares disposed to satisfy tax withholding obligations related to the vesting of a restricted stock award. The transactions were 4,049 shares at $9.95 ($40,288) on 2026-01-16 and 4,514 shares at $9.60 ($43,334) on 2026-01-17, for a combined value of about $83,622. This was a tax-withholding/cashless withholding event (routine disposition), not an open-market sale initiated for investment reasons.
Key Details
- Transaction dates and prices: 2026-01-16 — 4,049 sh @ $9.95 ($40,288); 2026-01-17 — 4,514 sh @ $9.60 ($43,334).
- Total shares disposed: 8,563; total value: ~$83,622.
- Shares owned after transaction: Not specified in the filing.
- Footnote: F1 — "Shares withheld to pay taxes upon vesting of Restricted Stock Award previously awarded pursuant to the Company's 2025 Long Term Incentive Plan."
- Filing: Form 4 filed 2026-01-21 for transactions on 2026-01-16/17 (filed after the transaction dates).
Context This was a tax-withholding (F) disposition following vesting of restricted stock — effectively a cashless withholding to cover tax liabilities. Such withholdings are routine and reflect tax obligations tied to awards, not necessarily a signal about the insider's view of the company's stock.