KASEL JOHN F 4/A

What Happened

• John F. Kasel, President, Chief Executive Officer and Director of Foster L. B. Co. (FSTR), had 1,667 performance-based stock units (PSUs) convert to common shares on Feb 11, 2026. The conversion had a reported per-share value of $31.54 (1,667 × $31.54 = $52,577).
• To satisfy tax withholding obligations, 814 of those shares were withheld (valued at $31.54 each, totaling $25,674). After withholding, Kasel retained approximately 853 shares from this vesting event.
• This transaction reflects vesting/conversion of PSUs (no cash purchase) and the routine tax-withholding disposition of shares.

Key Details

• Transaction date: 2026-02-11; reported value per share: $31.54.
• Shares converted/earned: 1,667 (50% of a PSU award originally granted 3/31/2021).
• Shares withheld for taxes: 814 (value reported $25,674); net shares retained from this vesting: ~853.
• Reported total value of converted shares: $52,577.
• Filing: Amended Form 4 filed 2026-02-20 to correct number of shares withheld for taxes (see footnote F4). The amendment corrects the withholding; original filing timeliness is not specified in this excerpt.
• Footnotes: F1–F5 note this was 50% of a 3/31/2021 PSU grant (3,333 shares total), the performance condition (30-day average >= $30), and other outstanding performance restricted stock units (e.g., amounts under the 2023–2025 and 2024–2026 plans).

Context

• This was a vesting/conversion of performance-based awards, not an open-market purchase or voluntary sale. Withholding of shares to cover taxes is a common, routine practice and does not necessarily signal a directional view on the stock.
• The PSUs were subject to performance and continued-employment conditions; the filing notes the performance trigger tied to a $30 average price and certification requirements for other awards that remain outstanding.