Ness Robert 4
4 · FOSTER L B CO · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Foster L. B. (FSTR) SVP Robert Ness Receives Awards; Withholds 5,281 Shares
What Happened
- Robert Ness, Senior Vice President — Precast Concrete Products at Foster L. B. Co. (FSTR), received multiple equity awards (listed as acquisitions at $0.00) on 2026-02-19 totaling four award tranches: 3,585; 1,947; 764; and 3,422 shares (awarded/settled). On the same date 5,281 shares were disposed (code F) at an implied value of $31.13 per share to satisfy tax withholding, generating a cash value of $164,371.
- These awards are performance- and time-based restricted stock units/performancerelated awards from various Long Term Incentive Plan cycles. The $0.00 per-share entries reflect stock settlements/awards (not cash purchases).
Key Details
- Transaction date(s): 2026-02-19; Filing date: 2026-02-23 (no late-filing flag noted in the filing).
- Awarded (A): 3,585; 1,947; 764; 3,422 shares (acquired at $0.00).
- Withheld/Disposed (F): 5,281 shares at $31.13 per share to cover tax liabilities = $164,371.
- Notable footnotes:
- Some awards represent Performance Share Units earned under the 2023–2025 LTIP (certified at 47.2%) and Performance Restricted Stock Units settled upon certification on 2/19/2026 (including 11,522 shares referenced in the filing).
- Other PRSUs listed were earned for 2024–2026 and 2025–2027 performance cycles and will settle at the ends of their respective performance periods (Dec 31, 2026 or Dec 31, 2027) per the footnotes.
- Footnote indicates shares were withheld specifically to pay taxes on the vested/settled performance awards.
- Shares owned after the transactions: not specified in the excerpt provided.
Context
- Code meanings: A = Award/Grant of stock-based units; F = Shares withheld/disposed to satisfy tax withholding. The awards are performance- and time-based equity settlements, not open-market purchases or option exercises.
- Tax-withholding disposals are routine administrative actions and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
FOSTER L B COFSTR
Ness Robert
SVP, Precast Concrete Products
Transactions
- Award
Common Stock
[F1][F2][F3]2026-02-19+3,585→ 32,287 total - Award
Common Stock
[F4][F2][F5]2026-02-19+1,947→ 34,234 total - Award
Common Stock
[F6][F2][F5][F7]2026-02-19+764→ 34,998 total - Award
Common Stock
[F8][F2][F5][F7]2026-02-19+3,422→ 38,420 total - Tax Payment
Common Stock
[F9][F5][F7]2026-02-19$31.13/sh−5,281$164,371→ 33,139 total
Footnotes (9)
- [F1]Represents the number of shares of common stock resulting from Performance Share Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023 upon certification of performance results by the Compensation Committee at 47.2% for the annual period ended December 31, 2025.
- [F2]Includes 11,522 shares of common stock resulting from the settlement of Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 11,522 Performance Restricted Stock Units settled at the end of the 2023-2025 performance period upon certification by the Compensation Committee on 2/19/2026.
- [F3]Includes 1,272 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 1,272 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee.
- [F4]Represents the number of Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024 upon certification of performance results by the Compensation Committee at 39.5% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification by the Compensation Committee.
- [F5]Includes 3,219 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 3,219 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee.
- [F6]Represents the number of Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025 upon certification of performance results by the Compensation Committee at 11.2% for the annual period ended December 31, 2025. The earned Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee.
- [F7]Includes 764 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 764 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee.
- [F8]Award of restricted stock units (RSUs), which are settled in stock upon vesting, and generally will vest ratably over a three-year period on the first, second, and third anniversary of the date of grant.
- [F9]Shares withheld to pay taxes upon the vesting and settlement of all earned performance shares related to the 2023-2025 LTIP awarded on 2/14/2023.
Signature
Robert Ness by Judith Balog, attorney-in-fact|2026-02-23