FOSTER L B CO·4/A

Mar 9, 3:40 PM ET

Friedman Brian Hunter 4/A

Research Summary

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Foster L B (FSTR) SVP Brian Friedman Receives Awards, Sells 3,476 Shares

What Happened

  • Brian Hunter Friedman, SVP & Chief Growth Officer of Foster L. B. Co. (FSTR), was issued multiple equity awards (Performance/Restricted Stock Units) on 2026-02-19 and, concurrently, 3,476 shares were disposed/withheld to satisfy tax withholding at $31.13 per share, totaling $108,191. The awards themselves were granted at $0.00 (typical for RSU/PSU grants).

Key Details

  • Transaction date: 2026-02-19; Form 4 amended and filed 2026-03-09 to correct reported share counts/tax withholding.
  • Awards recorded (A): 3,585; 1,947; 713; and 3,080 shares (all at $0.00). Total shown in the transaction lines = 9,325 shares awarded.
  • Tax withholding / disposition (F): 3,476 shares sold/withheld at $31.13 = $108,191. This is a routine withholding to cover taxes on vesting.
  • Notable footnotes: awards are performance share units (PSUs) or performance restricted stock units (PRSUs) from LTIP cycles (2023‑2025, 2024‑2026, 2025‑2027). Some PSUs settled upon certification for the 2023‑2025 period; others will settle at the ends of their performance periods (Dec 31, 2026 or Dec 31, 2027) per the footnotes.
  • Filing status: This is an amended Form 4 (filed 2026-03-09) correcting the number of shares beneficially owned and the number withheld for taxes. The amendment suggests the earlier filing had reporting inaccuracies that were corrected.

Context

  • These transactions are award settlements and a tax-withholding sale — common, routine insider activity when restricted/ performance shares vest. The awards were granted/settled at $0 (typical for RSUs/PSUs), and the sale of 3,476 shares was to cover tax obligations (not an open-market bet on the stock).
  • Transaction codes: A = Award/Grant, F = Payment of exercise price or tax liability (here, shares withheld/sold for taxes).
  • No purchase or 10% owner implications here; this is compensation-related equity settlement rather than a buy or discretionary sale.