L.B. Foster (NASDAQ: FSTR) SVP has 416 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L.B. Foster Company SVP and Chief Growth Officer Brian Hunter Friedman reported a routine tax-related share withholding. On the transaction date, 416 shares of common stock were withheld at $38.11 per share to cover taxes on vesting of restricted stock under the 2025–2027 Long Term Incentive Plan. After this, he held 31,132 shares directly and 1,341 shares indirectly through the company 401(k) plan, plus performance restricted stock units scheduled to settle in 2026 and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Friedman Brian Hunter
Role
SVP, Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 416 | $38.11 | $16K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,132 shares (Direct, null);
Common Stock — 1,341 shares (Indirect, L.B. Foster Company 401(k) Plan Shares)
Footnotes (1)
- Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2025-2027 LTIP awarded on 5/22/25. Includes 3,219 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 3,219 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee. Includes 713 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 713 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee.
Key Figures
Shares withheld for taxes: 416 shares
Withholding price: $38.11 per share
Direct holdings after transaction: 31,132 shares
+3 more
6 metrics
Shares withheld for taxes
416 shares
Tax-withholding disposition on common stock
Withholding price
$38.11 per share
Value per share for tax-withholding event
Direct holdings after transaction
31,132 shares
Common stock directly owned post-transaction
Indirect 401(k) holdings
1,341 shares
Common stock held via L.B. Foster 401(k) Plan
2024–2026 PRSUs
3,219 units
Performance Restricted Stock Units under 2024–2026 LTIP
2025–2027 PRSUs
713 units
Performance Restricted Stock Units under 2025–2027 LTIP
Key Terms
tax-withholding disposition, Performance Restricted Stock Units, Long Term Incentive Plan, 401(k) Plan Shares
4 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Performance Restricted Stock Units financial
"Includes 3,219 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
Long Term Incentive Plan financial
"earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What did FSTR executive Brian Hunter Friedman report in this Form 4?
He reported a routine tax-withholding disposition of 416 L.B. Foster common shares. The shares were withheld to pay taxes due on vesting of restricted stock granted under the company’s long-term incentive plan.
What long-term incentive awards are referenced for FSTR’s Brian Hunter Friedman?
The report notes performance restricted stock units from the 2024–2026 and 2025–2027 Long Term Incentive Plans. These awards are scheduled to settle after the respective performance periods end, subject to Compensation Committee certification.