FOSTER L B CO·4

Feb 18, 3:06 PM ET

Friedman Brian Hunter 4

Research Summary

AI-generated summary

Updated

Foster L B (FSTR) SVP Brian Hunter Friedman Withholds 1,294 Shares for Taxes

What Happened
Brian Hunter Friedman, SVP & Chief Growth Officer of Foster L B Co. (FSTR), had shares withheld to satisfy tax withholding obligations related to the vesting of restricted stock under long‑term incentive plans. On 2026-02-13, 545 shares were withheld at $31.63 each (value $17,238). On 2026-02-14, 749 shares were withheld at $31.63 each (value $23,691). Total shares withheld: 1,294; total value: approximately $40,929. This is a non‑discretionary tax withholding on vesting (code F), not an open‑market sale.

Key Details

  • Transaction dates/prices: 2026-02-13 — 545 shares @ $31.63; 2026-02-14 — 749 shares @ $31.63.
  • Total: 1,294 shares withheld, ≈ $40,929.
  • Shares owned after transaction: not specified in the provided filing data.
  • Footnotes: F1/F4 indicate shares were withheld to pay taxes on restricted stock vesting under the 2024–2026 and 2023–2025 LTIP awards. F2 notes 7,937 Performance RSUs earned under the 2023–2025 LTIP (settle after certification at 12/31/2025). F3 notes 1,272 Performance RSUs earned under the 2024–2026 LTIP (settle after certification at 12/31/2026).
  • Filing timeliness: filing marked late (transactionTimeliness = 'L').

Context
Tax‑withholding (code F) transactions are routine when restricted shares or performance awards vest; shares are retained by the company to cover tax obligations rather than sold in the open market by the insider. Such transactions typically do not signal a change in the insider's market view.