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 of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership.
Summary
- On March 31, 2025, Donald J. Tomnitz, Executive Chairman of Forestar Group Inc., had 10,001 restricted stock units vest, which converted into common stock.
- He then surrendered 3,701 shares to cover withholding tax obligations at a price of $21.14 per share.
- Following these transactions, Tomnitz directly owns 124,339 shares of Forestar Group Inc. common stock.
- The restricted stock units were part of a grant from March 31, 2022, which vests in three annual installments starting March 31, 2023.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of restricted stock units dilutes existing shareholders' equity slightly.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Reporting person was granted 33,784 restricted stock units, vesting in three annual installments beginning March 31, 2023. |
| 03/31/2023 | First vesting date of restricted stock units granted on March 31, 2022. |
| 03/31/2025 | Restricted stock units vested and shares surrendered for tax obligations. |
| 04/01/2024 | Date of signature for the report. |
Keywords
Form 4, Forestar Group Inc., Donald J. Tomnitz, Executive Chairman, Stock Transaction, Restricted Stock Units, Beneficial Ownership, Vesting, Tax Withholding
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