Walker Mark Stephen 4

What Happened

• Mark Walker, Chief Operating Officer of Forestar Group, had 1,554 restricted stock units (RSUs) convert to common shares upon vesting on March 18, 2026. The RSUs converted at an exercise/conversion price of $0.00 (code M), reflecting an award-to-stock conversion rather than a cash purchase.
• To cover withholding taxes, 775 of the vested shares were surrendered to the issuer (code F) at $24.73 per share, totaling $19,166. The remaining 779 shares were issued to Walker and retained. Approximate market value of the 1,554 vested shares at $24.73 was $38,430; the net retained portion is roughly $19,265.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (timely within the standard 2-business-day window).
• Entries: M = exercise/conversion of derivative (1,554 shares @ $0.00); F = shares surrendered for tax withholding (775 shares @ $24.73, $19,166).
• Net shares received from this vesting: 779 shares (1,554 vested − 775 withheld).
• Total shares owned after this transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes: F1 explains each RSU converts to one share; F2 confirms 775 shares were surrendered to cover withholding taxes; F3 notes these RSUs were part of a 7,770-RSU grant on March 18, 2021 that vests in five annual installments (1,554 per installment).

Context

• This was an RSU vesting and tax-withholding event, not an open-market purchase or an intentional sale for investment reasons. Surrendering shares to the company to satisfy tax withholding is a common, routine occurrence and does not necessarily indicate a change in insider sentiment.
• For retail investors, purchases are usually a stronger signal than routine vesting; this filing documents standard compensation vesting and tax withholding.