Guinee Patrick J. 4
Research Summary
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Foster L. B. Co (FSTR) EVP Patrick Guinee Sells Shares for Taxes
What Happened
Patrick J. Guinee, EVP, General Counsel & Secretary of Foster L. B. Co. (FSTR), had a total of 2,407 shares disposed via tax-withholding to cover tax liabilities on vesting restricted stock. The filings show 928 shares withheld on 2026-02-13 at $31.63 ($29,353) and 1,479 shares withheld on 2026-02-14 at $31.63 ($46,781), totaling $76,134. These dispositions were tax withholding events (transaction code F), not open-market sales motivated by investment decisions.
Key Details
- Transaction dates and prices:
- 2026-02-13: 928 shares @ $31.63 = $29,353
- 2026-02-14: 1,479 shares @ $31.63 = $46,781
- Total shares withheld/disposed: 2,407; total value: $76,134.
- Transaction type: F = shares withheld to satisfy tax withholding on vesting of restricted stock.
- Footnotes of note:
- F1/F4: Shares withheld to pay taxes on restricted stock vesting under LTIP awards (2024–2026 award dated 5/23/24 and 2023–2025 award dated 2/14/23).
- F2: Includes 15,874 Performance RSUs earned under the 2023–2025 LTIP (settle 12/31/2025 upon committee certification).
- F3: Includes 2,194 Performance RSUs earned under the 2024–2026 LTIP (settle 12/31/2026 upon committee certification).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing: Form 4 filed 2026-02-18 reporting transactions on 2026-02-13 and 2026-02-14; filing appears within a few business days of the transactions.
Context
- These were routine tax-withholding dispositions tied to the vesting of restricted stock/RSUs — common practice and not the same as an executive choosing to sell shares for cash.
- Performance RSUs referenced (F2/F3) will settle only after the applicable performance periods end and are subject to committee certification.