REILLY SEAN M 4/A
Research Summary
AI-generated summary
Foster L.B. (FSTR) Controller Sean Reilly Receives Award, Withholds Shares
What Happened
- Sean M. Reilly, Controller of Foster L. B. Co. (FSTR), received several equity awards that settled on 2026-02-19 totaling 6,847 shares (awarded at $0.00 per share). To cover tax withholding on the vesting/settlement, 4,308 shares were withheld/disposed at $31.13 per share, producing cash of $134,087. This Form 4 is an amended filing to correct the number of shares withheld to pay taxes.
Key Details
- Transaction date: 2026-02-19 (reported on amended Form 4 filed 2026-03-09).
- Awards (acquisitions, code A): 2,987; 1,315; 492; and 2,053 shares (total 6,847) recorded at $0.00.
- Tax withholding (disposition, code F): 4,308 shares withheld @ $31.13 = $134,087.
- Shares owned after transaction: Not specified in the provided extract; the Form 4 was amended to correct beneficial ownership and the number of shares withheld.
- Notable footnotes:
- Awards arise from Performance Share / Performance Restricted Stock Units under multi-year LTIP grants (2023–2025, 2024–2026, 2025–2027); some awards settled upon certification of performance, others will settle at future performance-period ends.
- The amendment (filed 3/09/2026) corrected the number of shares withheld to pay taxes related to prior restricted stock vesting.
Context
- This is compensation-related activity (awarded/settled restricted/performance shares) rather than an open-market purchase or discretionary sale. The withholding of shares to cover taxes (code F) is a routine administrative step and not a directional buy/sell signal by the insider.
- Award entries (code A) are recorded at $0.00 because they reflect grant/settlement of RSUs/PSUs, not cash purchases.