TOMNITZ DONALD J 4

What Happened

• Donald J. Tomnitz, Executive Chairman and Director of Forestar Group Inc. (FOR), had 4,977 restricted stock units (RSUs) convert to common shares on March 28, 2026. The filing shows an exercise/conversion of derivative awards (code M) for 4,977 shares and a related surrender of 1,842 shares (code F) to cover tax withholding at $24.81/share, totaling $45,700. Net shares received by Tomnitz from this vesting event: 4,977 − 1,842 = 3,135 shares.
• This was a vesting/award event (not an open-market sale or purchase). Surrendering shares to cover taxes is a routine cashless withholding and does not necessarily indicate a change in sentiment.

Key Details

• Transaction date: March 28, 2026; Form 4 filed March 31, 2026 (filed on EDGAR).
• Vested/converted shares: 4,977 RSUs → 4,977 common shares (code M).
• Shares surrendered for tax withholding: 1,842 shares at $24.81/share, total value $45,700 (code F).
• Net shares received: 3,135.
• Footnotes: F1–Each RSU represents a contingent right to one share. F2–Shares were surrendered to issuer to cover withholding tax on the vested shares. F3–These RSUs were granted on March 28, 2024 (14,930 RSUs total), vesting in three annual installments beginning March 28, 2025.
• Shares owned after the transaction: Not specified in the provided filing.

Context

• Code explanations: M = exercise/conversion of a derivative award (here, RSU conversion to common stock); F = shares surrendered to cover tax withholding. This was effectively a standard vesting and cashless-withholding transaction rather than a market sale or purchase.
• For retail investors: vesting and share-withholding events are routine compensation mechanics. Purchases/market sales by insiders tend to carry more direct interpretive weight than routine vesting and tax-withholding.