Form 4: Forestar Group CFO James Douglas Allen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James Douglas Allen, CFO of Forestar Group Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in a change in his beneficial ownership of company stock.
Summary
- On March 31, 2024, James Douglas Allen, the Chief Financial Officer of Forestar Group Inc., had 4,505 restricted stock units vest, each representing a contingent right to receive one share of Forestar Group common stock.
- Allen also surrendered 1,097 shares to cover withholding tax obligations related to the vesting of these shares at a price of $40.19 per share.
- Following these transactions, Allen directly owns 36,654 shares of Forestar Group common stock and 13,513 restricted stock units.
- The restricted stock units were granted on March 31, 2022, and vest in five annual installments starting March 31, 2023.
Sentiment
Score: 5
Explanation: This is a neutral report on routine stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Forestar Group Inc.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Reporting person was granted 22,523 restricted stock units, vesting in five annual installments beginning March 31, 2023. |
| 03/31/2023 | First vesting date of restricted stock units granted on March 31, 2022. |
| 03/31/2024 | Vesting of 4,505 restricted stock units and surrender of 1,097 shares for tax obligations. |
| 04/01/2024 | Date of signature for the Form 4 filing. |
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