Form 4: Forestar Group Executive Chairman Donald Tomnitz Reports Stock Transactions
SEC Form 4 Filing
Donald Tomnitz, Executive Chairman of Forestar Group Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 21, 2024, Donald Tomnitz, Executive Chairman of Forestar Group Inc., reported transactions involving Forestar Group Inc. common stock.
- 13,550 restricted stock units vested, converting into common stock.
- 5,014 shares were surrendered to cover withholding tax obligations at a price of $37.31 per share.
- Following these transactions, Tomnitz directly owns 99,275 shares of Forestar Group Inc. common stock and 25,583 restricted stock units.
- The restricted stock units were granted on March 21, 2023, and vest in three annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Reporting person was granted 40,650 restricted stock units, vesting in three annual installments beginning March 21, 2024. |
| 03/21/2024 | Restricted stock units vested and shares were surrendered for tax obligations. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
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