Walker Mark Stephen 4

What Happened

• Mark Stephen Walker, Chief Operating Officer of Forestar Group Inc. (FOR), had 4,065 restricted stock units (RSUs) convert into common shares upon vesting on March 21, 2026. Of those, 1,946 shares were surrendered to the issuer to cover withholding taxes at $24.29 per share, for a tax-withholding value of $47,268. That leaves a net issuance/retention of 2,119 shares to Walker.
• This was a routine equity-compensation event (vesting/conversion of RSUs) rather than an open-market purchase or sale.

Key Details

• Transaction date: March 21, 2026 (reported on Form 4 filed March 24, 2026).
• Conversions/vests: 4,065 RSUs converted to shares (recorded as derivative exercise/conversion, code M) at $0.00 per share.
• Tax withholding: 1,946 shares surrendered/withheld (code F) at $24.29/share, totaling $47,268.
• Net shares retained by insider from the vesting: 2,119 shares.
• Shares owned after transaction: not specified in the provided filing details.
• Relevant footnotes:
  • F1: Each RSU represents a right to receive one share upon vesting.
  • F2: Shares were surrendered to the issuer to cover withholding tax obligations for the vested shares on March 21, 2026.
  • F3: The 4,065 RSUs are one installment from a March 21, 2023 grant of 20,325 RSUs vesting in five annual installments beginning March 21, 2024.

Context

• This is a typical RSU vesting with share withholding to satisfy tax obligations (a cashless withholding), not an open-market sale prompted by the insider. Such transactions are common and reflect compensation vesting rather than a trading decision.
• Derivative-code M here indicates conversion/exercise of an equity award (RSUs) into actual shares; code F indicates shares used to pay withholding taxes.