Form 4: Forestar Group Inc.: Officer Mark Stephen Walker Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer Mark Stephen Walker reports the vesting of restricted stock units and subsequent tax withholding, resulting in a net change in beneficial ownership of Forestar Group Inc. stock.
Summary
- On May 6, 2024, Mark Stephen Walker, Chief Operating Officer of Forestar Group Inc., reported transactions involving Forestar Group Inc. common stock.
- Walker vested 1,120 restricted stock units, each representing a contingent right to receive one share of FOR common stock.
- 503 shares were surrendered to the issuer to cover withholding tax obligations related to the vested shares at a price of $34.51.
- Following these transactions, Walker's direct ownership of common stock decreased from 13,287 to 12,784 shares.
- The restricted stock units were granted on May 6, 2019, and vest in five annual installments beginning May 6, 2020.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total outstanding shares of Forestar Group Inc.
Key Dates
| Date | Description |
|---|---|
| 05/06/2019 | Reporting person was granted 5,600 restricted stock units, vesting in five annual installments beginning May 6, 2020. |
| 05/06/2020 | First vesting date of restricted stock units granted on May 6, 2019. |
| 05/06/2024 | Vesting of 1,120 restricted stock units and surrender of 503 shares for tax obligations. |
| 05/07/2024 | Date of Form 4 signature. |
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