Forestar Group Inc. filings document the regulatory record for a public residential lot developer whose common stock trades under FOR. The company's 8-K reports furnish quarterly and annual operating results, including lot sales, lot positions, contracted future revenue, liquidity and related development activity.
Proxy and annual-meeting filings cover board elections, executive compensation votes, auditor ratification and other governance matters. The filing record also identifies the registered common stock and provides formal disclosures around capital structure, results of operations and shareholder voting for Forestar's real estate development business.
Forestar Group Inc. reported modestly higher results for its fiscal second quarter ended March 31, 2026. Net income attributable to Forestar rose 2% to $32.1 million, or $0.63 per diluted share, while revenues increased 7% to $374.3 million.
The company sold 2,938 residential lots, down 14% from a year earlier, but its average sales price per lot increased to $112,800. Forestar’s lot position totaled 94,400 lots, including 24,100 owned lots under contract representing about $2.2 billion of future revenue.
Forestar ended the quarter with $1.0 billion of total liquidity and a net debt to total capital ratio of 19.2%, and reported a trailing twelve-month return on equity of 9.6%. It now expects to deliver 14,000–14,500 lots in fiscal 2026, slightly narrowing lot guidance, while maintaining revenue guidance of $1.6–$1.7 billion.
Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised previously granted restricted stock units on March 31, 2026. The exercise converted 4,505 restricted stock units into the same number of common shares, reflecting scheduled equity compensation vesting rather than an open-market purchase.
To cover withholding taxes on the vested shares, 1,667 common shares were surrendered to the company at $24.44 per share, a non-market tax-withholding disposition. After these transactions, Allen directly holds 40,459 shares of Forestar common stock. Earlier, on March 31, 2022, he had been granted 22,523 restricted stock units vesting in five annual installments.
Forestar Group Inc. Chief Operating Officer Mark Stephen Walker exercised restricted stock units into common shares and had shares withheld for taxes. On March 31, 2026, he converted 2,815 restricted stock units into 2,815 shares of common stock.
To cover withholding tax obligations on the vested shares, 1,254 common shares were surrendered to the issuer at $24.44 per share, leaving Walker with 26,847 common shares held directly after these transactions.
Forestar Group Inc. Executive Chairman Donald J. Tomnitz exercised 4,977 restricted stock units into the same number of common shares on March 28, 2026. Each restricted stock unit converts into one share of common stock upon vesting.
Of the vested shares, 1,842 were surrendered to the issuer at $24.81 per share to cover withholding tax obligations, leaving a net increase of 3,135 shares. Following these compensation-related transactions, Tomnitz directly holds 139,230 shares of Forestar common stock.
Forestar Group Inc. director and CEO Anthony W. Oxley exercised restricted stock units into common shares and had shares withheld for taxes. On March 28, 2026, he exercised 4,977 restricted stock units, receiving an equal number of common shares.
On the same date, 1,959 common shares were surrendered at $24.81 per share to cover withholding tax obligations, leaving Oxley with 12,811 common shares held directly. He also has 9,263 common shares held indirectly through The Anthony and Mary Oxley Revocable Trust. Each restricted stock unit represents a right to receive one share of Forestar common stock upon vesting, and the filing notes a prior grant of 14,930 restricted stock units on March 28, 2024, vesting in three annual installments beginning March 28, 2025.
Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised restricted stock units and had shares withheld for taxes. On March 28, 2026 he converted 1,991 restricted stock units into the same number of common shares at a $0.00 exercise price, as part of an equity award that vests annually. To cover withholding tax obligations on the vested shares, 737 common shares were surrendered to the issuer at $24.81 per share, leaving him with 37,621 common shares held directly and 5,599 restricted stock units outstanding.
Forestar Group Inc. Chief Operating Officer Mark Stephen Walker exercised equity awards and settled related taxes through share withholding. On March 28, 2026, he converted 1,991 restricted stock units into 1,991 shares of common stock, reflecting an exercise or conversion of derivative securities under his compensation plan.
To cover withholding tax obligations on the vested shares, 887 common shares were surrendered to the issuer at a price of $24.81 per share, a non-market, tax-related disposition rather than an open-market sale. After these transactions, he directly holds 25,286 shares of common stock and 5,971 restricted stock units. A prior grant on March 28, 2024 consisted of 9,953 restricted stock units scheduled to vest in five annual installments beginning March 28, 2025.
Forestar Group Inc. director Elizabeth Parmer exercised restricted stock units into common shares as part of her equity compensation. She converted 402 restricted stock units into 402 shares of common stock at a stated price of $0.00 per share, reflecting a vesting event rather than an open-market purchase.
Following the transaction, Parmer directly owns 6,248 shares of Forestar common stock. The restricted stock units stem from a prior grant of 1,207 units awarded on March 28, 2024, scheduled to vest in three annual installments beginning March 28, 2025. Each unit represents a contingent right to receive one share of common stock upon vesting.
Forestar Group Inc. director Lisa H. Jamieson exercised restricted stock units into common shares. She converted 402 restricted stock units, each representing one share of FOR common stock, into 402 shares of common stock at an exercise price of $0.00 per share. Following the transaction, she directly holds 26,107 shares of Forestar common stock. The exercised units relate to a 1,207-unit restricted stock grant awarded on March 28, 2024, which vests in three annual installments beginning March 28, 2025.