Walker Mark Stephen 4

What Happened
Mark Stephen Walker, Chief Operating Officer of Forestar Group Inc. (FOR), had 1,991 restricted stock units (RSUs) vest on March 28, 2026 and those RSUs converted into 1,991 shares. Of the newly issued shares, 887 were surrendered to Forestar to cover withholding taxes at $24.81 per share (887 x $24.81 = $22,006). The reporting shows he retained a net 1,104 shares from this vesting (1,991 vested − 887 withheld).

Key Details

• Transaction date: March 28, 2026; Form filed March 31, 2026 (covers the March 28 vesting).
• Reported transactions: M = conversion/exercise of derivative (1,991 RSUs → 1,991 shares); F = shares surrendered to cover tax withholding (887 shares at $24.81; $22,006).
• Net shares retained from this vesting: 1,104 shares (approx. $27,390 at $24.81/share).
• Footnotes: F1 — each RSU converts to one share upon vesting; F2 — shares surrendered to issuer to cover withholding taxes; F3 — these RSUs were part of a 9,953-RSU grant on March 28, 2024 that vests in five annual installments (this was one installment).
• Shares owned after the transaction are not specified in the excerpt provided.

Context
This was a routine vesting of RSUs and a tax-withholding surrender — not an open-market sale or a buy. Tax withholding via share surrender is common for RSU vesting and does not necessarily indicate any change in insider sentiment. The filing shows conversion of a derivative award (code M) and withholding (code F), consistent with a standard RSU vest-and-surrender transaction.