Guinee Patrick J. 4
4 · FOSTER L B CO · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Foster L. B. Co (FSTR) EVP Patrick Guinee Exercises PSUs, Sells Shares
What Happened
- Patrick J. Guinee, EVP, General Counsel & Secretary of Foster L. B. Co. (FSTR), had performance-based restricted stock units convert into common shares on 2026-02-11. The filing shows 1,667 shares were acquired upon conversion (listed at $0.00 as they were earned PSUs).
- To cover tax obligations and as part of the same transaction, 819 shares were withheld/sold at $31.54 each (total value $25,831), and an additional 1,667 shares were sold/disposed at $31.54 each for proceeds of $52,577. These sales indicate proceeds were realized immediately rather than a long-term hold.
Key Details
- Transaction date: 2026-02-11; Form 4 filed 2026-02-12 (timely).
- Acquired: 1,667 shares from conversion of performance-based stock units (reported at $0.00).
- Sold/withheld: 819 shares withheld for taxes at $31.54 ($25,831) and 1,667 shares sold at $31.54 ($52,577).
- Footnotes:
- F1/F4: These 1,667 shares represent 50% of a performance-based PSU award granted 3/31/2021 that was earned on 2/11/2026; the award was subject to a $30 30-day average price vesting condition and continued employment.
- F2/F3: Filing also references other outstanding performance RSUs (15,874 from 2023–2025 LTIP and 2,194 from 2024–2026 LTIP) that will settle at the end of their respective performance periods upon certification.
- Shares owned after transaction: not specified in the excerpt provided.
Context
- This was a conversion/settlement of performance-based restricted stock units (not an open-market buy). The transaction included withholding/sales to satisfy tax liabilities and an immediate sale of shares—effectively a cashless settlement/partial disposition.
- Such filings document realized proceeds from vested awards and tax withholding; they report insider activity but do not by themselves indicate the insider’s long-term view.
Insider Transaction Report
Form 4
FOSTER L B COFSTR
Guinee Patrick J.
EVP General Counsel & Sec.
Transactions
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-02-11+1,667→ 84,382 total - Tax Payment
Common Stock
[F2][F3]2026-02-11$31.54/sh−819$25,831→ 83,563 total - Exercise/Conversion
Performance Stock Units
[F4][F1]2026-02-11$31.54/sh−1,667$52,577→ 0 totalExp: 2026-02-28→ Common Stock (1,667 underlying)
Holdings
- 1,667
Performance Stock Units
[F4]Exp: 2026-02-28→ Common Stock (1,667 underlying)
Footnotes (4)
- [F1]This amount represents 50 percent of the Performance-based stock unit award granted on 3/31/2021 and earned on 2/11/2026.
- [F2]Includes 15,874 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 15,874 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
- [F3]Includes 2,194 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 2,194 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee.
- [F4]Performance-based stock unit award of 3,333 shares was granted on 3/31/2021 and expires on 02/28/2026, 5 years after the grant date. Fifty percent of the award, or 1,666 shares, was earned on 4/05/2024. The remaining 50% of the award, or 1,667 shares, may be earned when the consecutive 30-day average closing stock price per share of the Company's common stock on the Nasdaq Stock Market is $30.00 per share or more and is generally subject to continued employment with the Company.
Signature
/s/ Patrick J. Guinee by Judith Balog, attorney-in-fact|2026-02-12