Form 4: Forestar Group Inc. Executive Chairman Donald J. Tomnitz Reports Stock Transactions
SEC Form 4 Filing
Donald J. Tomnitz, Executive Chairman of Forestar Group Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 21, 2025, Donald J. Tomnitz, the Executive Chairman of Forestar Group Inc., had 13,550 restricted stock units vest, which converted into common stock.
- He also surrendered 5,014 shares to cover withholding tax obligations at a price of $21.73 per share.
- Following these transactions, Tomnitz directly owns 114,905 shares of Forestar Group Inc. common stock and 12,033 restricted stock units.
- The restricted stock units were granted on March 21, 2023, and vest in three annual installments beginning March 21, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications.
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 shareholders as they reflect routine executive compensation.
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 | First vesting date of restricted stock units granted on March 21, 2023. |
| 03/21/2025 | Vesting of 13,550 restricted stock units and surrender of 5,014 shares for tax obligations. |
| 03/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Executive Chairman, Stock Transactions, Restricted Stock Units, Forestar Group Inc., FOR, Donald J. Tomnitz
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.