TOMNITZ DONALD J 4

What Happened

• Donald J. Tomnitz, Executive Chairman and Director of Forestar Group Inc. (FOR), had 12,033 restricted stock units (RSUs) convert to common shares on March 21, 2026 (reported as derivative exercises). The RSUs carried no exercise price. To satisfy withholding tax obligations, 4,453 of the vested shares were surrendered to the issuer for a value of $108,163 (reported as a disposition for tax withholding).

Key Details

• Transaction dates: March 21, 2026 (vesting/conversion and tax-withholding surrender); Form 4 filed March 24, 2026.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares surrendered to cover tax withholding.
• Shares and values reported: 12,033 shares acquired via conversion at $0.00; 4,453 shares surrendered at an average value of $24.29 each, totaling $108,163.
• Shares owned after the transaction: Not specified in the provided filing.
• Relevant footnotes from the filing:
  • Each RSU represents a contingent right to receive one share of FOR common stock upon vesting.
  • The 4,453 shares were surrendered to the issuer to cover withholding tax obligations for shares that vested on March 21, 2026.
  • The RSUs trace back to a March 21, 2023 grant of 40,650 RSUs that vest in three annual installments beginning March 21, 2024.

Context

• This was a routine vesting of RSUs with a net settlement (shares surrendered to cover taxes), not an open-market sale or a cash purchase. Such withholding is common and typically reflects standard tax compliance rather than a directional trading signal. The filing documents the mechanics (conversion plus tax withholding) rather than an investment decision to buy or sell in the open market.