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FOSTER L B CO·4

Feb 23, 4:05 PM ET

LIPPARD GREGORY W 4

Research Summary

AI-generated summary

Updated

Foster L. B. (FSTR) SVP Gregory W. Lippard Receives Awards, Sells Shares for Taxes

What Happened

  • Gregory W. Lippard, Senior Vice President – Rail at Foster L. B. Co. (FSTR), received awards that resulted in the acquisition of 13,899 shares (grants/settlements) and had 8,735 shares disposed to satisfy tax obligations.
  • The tax-related disposition was recorded as 8,735 shares sold/withheld at $31.13 per share, generating proceeds of approximately $271,877. The awards were reported as acquisitions at $0.00 per share (typical for vested/performance-settled equity).

Key Details

  • Transaction date(s): February 19, 2026; Form 4 filed February 23, 2026.
  • Acquisitions (code A): 5,975; 2,678; 1,002; and 4,244 shares (total 13,899) reported as acquired/awarded at $0.00.
  • Disposition (code F — tax withholding/payment): 8,735 shares disposed at $31.13 each for $271,877.
  • Shares owned after transaction: Not specified in the provided summary of the filing.
  • Notable footnotes: Awards reflect settlement/earnings of LTIP performance share units and performance restricted stock units from multiple cycles (2023–2025, 2024–2026, 2025–2027). Certification percentages noted in the filing include 47.2% (2023–2025 annual results), 39.5% (2024–2026 annual results), and 11.2% (2025–2027 annual results) where applicable. Footnote F9 confirms shares were withheld to pay taxes on vested performance shares.
  • Filing timeliness: Form filed on Feb 23, 2026 reporting transactions dated Feb 19, 2026; no late-filing indicator was provided in the supplied data.

Context

  • These transactions are compensation-related awards (performance shares/RSUs) settling under the company’s long-term incentive plans and are routine for executives when performance periods are certified. The disposal labeled F represents shares withheld/sold to cover tax liabilities on the awards — a common administrative/settlement action rather than an independent market-sale decision.
  • For retail investors: award receipts signal routine compensation/lti settlement; the tax-withholding sale reduces net new shares delivered to the insider and does not necessarily indicate a personal decision to liquidate beyond tax obligations.