Forestar (FOR) Director Lisa Jamieson Exercises 1,096 RSUs

What Happened

• Lisa H. Jamieson, a director of Forestar Group Inc. (FOR), had 1,096 restricted stock units (RSUs) convert into 1,096 shares on March 21, 2026 (reported on Form 4 filed 2026-03-24). The filing shows an acquisition of 1,096 shares at $0.00 and a simultaneous disposition of 1,096 shares at $0.00 (reported as a derivative transaction, code M).

Key Details

• Transaction date: March 21, 2026; Form 4 filed: March 24, 2026.
• Acquired: 1,096 shares @ $0.00 (conversion of RSUs).
• Disposed: 1,096 shares @ $0.00 (reported as derivative disposal).
• Shares owned after the transaction: not specified in the provided filing data.
• Footnotes: F1 clarifies that each RSU is a contingent right to one share on vesting. F2 notes Jamieson received a grant of 3,286 RSUs on March 21, 2023 that vest in three annual installments beginning March 21, 2024 (1,096 ≈ one installment).
• No cash amount is reported; the $0.00 entries are consistent with share issuance on vesting and company withholding rather than an open-market sale.

Context

• This pattern—RSUs vesting (conversion to shares) with an equal number of shares withheld or disposed—is commonly an administrative action to satisfy tax withholding or similar obligations and is not the same as an open-market sale or purchase. The filing shows a conversion/settlement of vested RSUs rather than a discretionary buy or sell by the director.