Rolli Sara Fay 4/A
Research Summary
AI-generated summary
Foster L B Co (FSTR) SVP Sara Fay Rolli Withholds Shares for Taxes
What Happened
- Sara Fay Rolli, SVP, Operational Administration, had shares withheld to cover tax liabilities on vested restricted stock. On 2026-02-13, 161 shares were withheld at $31.63 each for $5,092. On 2026-02-14, 221 shares were withheld at $31.63 each for $6,990. Total withheld: 382 shares for $12,082. These were tax-withholding dispositions (transaction code F), not open-market sales.
Key Details
- Transaction dates and price: 2026-02-13 (161 shares @ $31.63 = $5,092); 2026-02-14 (221 shares @ $31.63 = $6,990).
- Total shares withheld: 382; total value: $12,082.
- Shares owned after transaction: Not specified in the information provided.
- Filing: This is an amended Form 4 (filed 2026-03-03) correcting the number of shares withheld for taxes.
- Relevant footnotes:
- F1 & F4: Amended filing corrects the number of shares withheld to pay taxes related to LTIP vesting (2024–2026 award dated 5/23/2024 and 2023–2025 award dated 2/14/2023).
- F2: Filing notes 2,116 Performance RSUs earned under the 2023–2025 LTIP (will settle after performance period ends 12/31/2025 upon certification).
- F3: Filing notes 382 Performance RSUs earned under the 2024–2026 LTIP (will settle after performance period ends 12/31/2026 upon certification).
Context
- Code F indicates shares were surrendered/withheld to satisfy tax withholding on vested restricted stock — a routine administrative step rather than a market sale signaling sentiment.
- The noted Performance RSUs will only convert to shares at the end of their performance periods if certified by the Compensation Committee; the withheld shares here relate to tax obligations on vesting.