LIPPARD GREGORY W 4

What Happened

• Gregory W. Lippard, SVP – Rail at Foster L. B. Co. (FSTR), had 1,667 performance-based stock units convert to common shares on 2026-02-11. The converted shares had a market value of about $52,577 (1,667 × $31.54).
• To cover tax withholding, 847 of the shares were surrendered/withheld (disposed) at $31.54 each for $26,714. This was a compensation/vesting event rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-11; reported on the Form 4 filed 2026-02-12 (timely).
• Conversion/vesting: 1,667 shares reported as acquired by conversion of a derivative (code M); value shown = $52,577 (1,667 × $31.54).
• Tax withholding: 847 shares disposed to cover taxes (code F) at $31.54 = $26,714.
• Footnotes: F1/F4 indicate this represents 50% (1,667 shares) of a 3,333-share performance-based award granted 3/31/2021 and earned 2/11/2026 when the performance trigger was met. Other footnotes (F2/F3) reference additional performance RSUs granted in 2023 and 2024 that settle at later certification dates.
• Shares owned after the transaction are not specified in this filing.

Context

• This was a vesting/settlement of performance-based units (conversion of derivative awards), with shares withheld to satisfy tax obligations — a routine compensation event. The filing shows the conversion’s market value and the number of shares used for tax withholding; it does not necessarily indicate a discretionary sale by the insider.