FOSTER L B CO·4

Feb 23, 4:00 PM ET

Friedman Brian Hunter 4

Research Summary

AI-generated summary

Updated

FOSTER L B (FSTR) SVP Brian Friedman Receives Award, Sells 3,476 Shares

What Happened

  • Brian Hunter Friedman, Senior Vice President & Chief Growth Officer of Foster L B Co (FSTR), received multiple stock awards on 2026-02-19 totaling 9,325 shares (awards/settlements of performance- and time-based restricted stock units). On the same date, 3,476 shares were disposed/withheld to cover tax withholding at $31.13 per share, resulting in $108,191 in value.
  • These transactions are award/settlement events (code A) and a tax-withholding disposal (code F). Awarded shares came from several long-term incentive plan (LTIP) cycles (performance share units and restricted stock units).

Key Details

  • Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed timely).
  • Awards acquired: 3,585 + 1,947 + 713 + 3,080 = 9,325 shares (various PSUs/PRSUs/RSUs).
  • Shares disposed/withheld: 3,476 shares at $31.13 = $108,191 (tax withholding/sale).
  • Shares owned after the transaction: not specified in the filing.
  • Notable footnotes: awards reflect settlements and earned amounts under multiple LTIP cycles (2023–2025, 2024–2026, 2025–2027). Footnotes describe earned percentages and that some earned PSUs/PRSUs will settle at future performance period ends (e.g., Dec 31, 2026 or Dec 31, 2027). Footnote F9 indicates shares were withheld to pay taxes on earned 2023–2025 performance shares.
  • Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (withholding).

Context

  • This was primarily an award/vesting event (not a market-timed buy or sell). The disposal was a routine tax-withholding/cashless settlement rather than an open-market sale, so it is generally considered administrative rather than a directional insider trade signal.
  • Many awards are performance-based and may not fully settle until the end of their respective performance periods, per the filing footnotes.