Form 4: Forestar Group Inc. Director Samuel R. Fuller Reports Stock Unit Vesting
SEC Form 4 Filing
Director Samuel R. Fuller reports the vesting of restricted stock units into Forestar Group Inc. common stock.
Summary
- On March 18, 2024, Samuel R. Fuller, a director of Forestar Group Inc., had 679 restricted stock units vest.
- These units converted into 679 shares of Forestar Group Inc. common stock.
- The vesting occurred as part of a grant of 2,036 restricted stock units made on March 18, 2021, which vest in three annual installments starting March 18, 2022.
- Following the transaction, Fuller directly owns 20,946 shares of Forestar Group Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting the scheduled vesting of stock units. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The vesting of stock units has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/18/2021 | Reporting person was granted 2,036 restricted stock units, vesting in three annual installments beginning March 18, 2022. |
| 03/18/2022 | First vesting date of restricted stock units granted on March 18, 2021. |
| 03/18/2024 | 679 restricted stock units vested and converted into common stock. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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