Form 4: Forestar Group CFO James Douglas Allen Reports Stock Transactions
SEC Form 4 Filing
James Douglas Allen, CFO of Forestar Group Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 10, 2024, James Douglas Allen, the CFO of Forestar Group Inc., had 1,250 restricted stock units vest, which converted into common stock.
- Allen also surrendered 371 shares to cover withholding tax obligations related to the vested shares at a price of $37.38 per share.
- Following these transactions, Allen directly owns 27,301 shares of Forestar Group Inc. common stock and 1,250 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/30/2020 | Reporting person was granted 6,250 restricted stock units, vesting in five annual installments beginning March 10, 2021. |
| 03/10/2021 | First vesting date of restricted stock units granted on March 30, 2020. |
| 03/10/2024 | Vesting of 1,250 restricted stock units and surrender of 371 shares for tax obligations. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
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