Form 4: Forestar Group Inc. 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
- James Douglas Allen, the Chief Financial Officer of Forestar Group Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 10, 2025, Allen vested 1,203 restricted stock units, each representing one share of Forestar Group Inc. common stock.
- Allen surrendered 265 shares to cover withholding tax obligations at a price of $22.13 per share.
- Following these transactions, Allen directly owns 37,592 shares of Forestar Group Inc. common stock.
- The restricted stock units were granted on March 30, 2020, and vest in five annual installments beginning March 10, 2021.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction impacts shareholders by slightly diluting the stock.
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. |
| 03/10/2025 | Vesting of 1,203 restricted stock units and surrender of 265 shares for tax withholding. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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