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FOSTER L B CO·4

Feb 23, 3:58 PM ET

KASEL JOHN F 4

Research Summary

AI-generated summary

Updated

Foster (FSTR) CEO John Kasel Receives Awards; 36,746 Shares Withheld

What Happened
John F. Kasel, President, CEO and Director of Foster L. B. Co. (FSTR), received a series of equity awards on 2026-02-19 totaling 63,261 shares (awarded at $0.00 per share) from LTIP/RSU settlements. On the same date, 36,746 shares were withheld/disposed to cover tax liabilities at $31.13 per share, with a reported value of $1,143,719. These transactions are awards/settlements (code A) and tax-withholding dispositions (code F), not open-market sales.

Key Details

  • Transaction date: 2026-02-19. Acquisitions: 63,261 shares at $0.00. Disposition: 36,746 shares at $31.13 ($1,143,719).
  • Shares owned after transaction: Not reported in the provided filing excerpt.
  • Awards include Performance Share Units (PSUs), Performance Restricted Stock Units (PRSUs), and time-based RSUs tied to LTIP grants (see footnotes). Several awards were settled upon Compensation Committee certification of 2023–2025 results; others are earned but will settle at future performance period ends (12/31/2026 or 12/31/2027).
  • Footnotes of note: 2023–2025 PSUs certified at 47.2%; certain 2024–2026 awards certified at 39.5%; 2025–2027 awards certified at 11.2%; some PRSUs listed will not settle until the respective performance period ends. F9 notes shares were withheld specifically to pay taxes on the 2023–2025 LTIP settlement.
  • Transaction types: A = Award/Grant (acquisition), F = Payment of tax liability / shares withheld (disposition). This appears to be routine tax withholding on vested/earned awards, not a discretionary open-market sale.
  • Filing timeliness: No late filing flag provided in the supplied data.

Context
These were primarily performance- and time-based equity awards being settled. The withholding of shares to satisfy payroll/tax obligations is a common administrative action when RSUs/PSUs vest and does not reflect an open-market sale decision. Some of the awarded performance units are earned now (and settled), while others are earned but scheduled to settle at later performance-period end dates per the LTIP terms.