FOR.NYSEForestar Group INC

Form 4: Forestar Group Inc.: Officer Walker Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Mark Stephen Walker, Chief Operating Officer 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, 2024, Mark Stephen Walker, the Chief Operating Officer of Forestar Group Inc., had restricted stock units vest.
  • 2,815 shares of common stock were acquired upon vesting of these restricted stock units.
  • 1,263 shares were surrendered to cover withholding tax obligations at a price of $40.19 per share.
  • Following these transactions, Walker's direct ownership includes 12,167 shares of common stock and 8,446 restricted stock units.
  • The restricted stock units vest in five annual installments beginning March 31, 2023.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.

Stakeholder Impact

  • The transactions have a minor impact on the total outstanding shares of Forestar Group Inc.

Key Dates

DateDescription
03/31/2022Reporting person was granted 14,077 restricted stock units, vesting in five annual installments beginning March 31, 2023.
03/31/2023First vesting date of restricted stock units granted on March 31, 2022.
03/31/2024Restricted stock units vested and shares were surrendered for tax obligations.
04/01/2024Date of Form 4 signature.

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