Parmer Elizabeth 4

What Happened

• Elizabeth Parmer, a director of Forestar Group Inc. (FOR), had 1,096 restricted stock units (RSUs) converted into 1,096 shares on March 21, 2026 (reported as derivative exercise/conversion, transaction code M). The reported acquisition price is $0.00 (total $0). The Form 4 also reports a simultaneous disposition of 1,096 shares at $0.00 (reported as a derivative disposal).
• This was not an open‑market purchase or sale of stock; it reflects the vesting/conversion of an award rather than a cash transaction.

Key Details

• Transaction date: March 21, 2026 (Form 4 filed March 24, 2026).
• Acquired: 1,096 shares @ $0.00 (conversion of derivative, code M).
• Disposed: 1,096 shares @ $0.00 (derivative disposal).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share upon vesting.
  • F2: On March 21, 2023, Ms. Parmer was granted 3,286 RSUs that vest in three annual installments beginning March 21, 2024 — 1,096 is the annual installment amount.
• Filing timing: Form 4 was filed March 24, 2026 (the date listed on the filing).

Context

• The filing shows conversion of vested RSUs rather than a market buy or sale. The matching $0.00 disposition is commonly used in filings when shares are withheld or reclassified (for example, to satisfy taxes or administrative requirements), though the Form 4 here does not specify the exact reason for the disposition.
• For retail investors, vesting/award conversions are routine compensation events and do not by themselves indicate a buy or sell signal by the insider.