FOSTER L B CO (FSTR) EVP covers tax bill with 1,077 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER L B CO executive Patrick J. Guinee reported a routine tax-withholding share disposition. On May 22, 2026, 1,077 shares of common stock were withheld at $38.11 per share to cover taxes due on the vesting of restricted stock under the 2025–2027 long-term incentive plan.
After this transaction, Guinee directly held 87,341 shares, which the footnotes state include 1,239 performance restricted stock units from the 2025–2027 plan and 5,553 performance restricted stock units from the 2024–2026 plan that will settle following the respective performance periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guinee Patrick J.
Role
EVP General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,077 | $38.11 | $41K |
Holdings After Transaction:
Common Stock — 87,341 shares (Direct, null)
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 1,239 Performance Restricted Stock Units earned under the 2025-2027 Long Term Incentive Plan granted on 5/22/2025; those 1,239 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2027, upon certification by the Compensation Committee. Includes 5,553 Performance Restricted Stock Units earned under the 2024-2026 Long Term Incentive Plan granted on 5/23/2024; those 5,553 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2026, upon certification of the Compensation Committee.
Key Figures
Tax-withheld shares: 1,077 shares
Price per share: $38.11 per share
Shares held after transaction: 87,341 shares
+2 more
5 metrics
Tax-withheld shares
1,077 shares
Shares withheld to pay taxes on restricted stock vesting on May 22, 2026
Price per share
$38.11 per share
Value used for the 1,077-share tax-withholding disposition
Shares held after transaction
87,341 shares
Direct holdings of common stock following the tax-withholding transaction
2025–2027 performance RSUs
1,239 units
Performance RSUs from 2025–2027 Long Term Incentive Plan, settle December 31, 2027
2024–2026 performance RSUs
5,553 units
Performance RSUs from 2024–2026 Long Term Incentive Plan, settle December 31, 2026
Key Terms
tax-withholding disposition, Performance Restricted Stock Units, Long Term Incentive Plan, vesting of restricted stock, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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 1,239 Performance Restricted Stock Units earned under the 2025-2027 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 2025-2027 Long Term Incentive Plan granted on 5/22/2025"
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.
vesting of restricted stock financial
"Shares withheld to pay taxes applicable to the vesting of restricted stock related to the 2025-2027 LTIP"
Compensation Committee financial
"will settle at the end of the performance period ... upon certification by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What insider transaction did FSTR executive Patrick J. Guinee report?
Patrick J. Guinee reported a tax-withholding disposition of 1,077 shares of FOSTER L B CO common stock. The shares were withheld to pay taxes on vesting restricted stock under the company’s 2025–2027 long-term incentive plan.
Was Patrick J. Guinee’s FSTR transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were delivered back to cover tax liabilities arising from restricted stock vesting under a long-term incentive plan.
What is the size and price of the FSTR tax-withholding transaction?
The tax-withholding disposition involved 1,077 shares of FOSTER L B CO common stock at $38.11 per share. These shares were withheld to satisfy tax obligations related to the vesting of restricted stock awards.
When will Patrick J. Guinee’s FSTR performance RSUs settle?
According to the filing, 1,239 performance RSUs from the 2025–2027 plan settle on December 31, 2027, and 5,553 performance RSUs from the 2024–2026 plan settle on December 31, 2026, following compensation committee certification.