Form 4: L.B. Foster CEO John Kasel Reports Stock Disposals
SEC Form 4
John Kasel, CEO of L.B. Foster, reports the disposal of common stock at $23.4 per share, while still holding a significant amount of shares directly and indirectly.
Summary
- On February 26, 2024, John F. Kasel, the President & Chief Executive Officer of L.B. Foster Company, reported changes in his beneficial ownership of the company's stock.
- Kasel disposed of 1,340 shares of common stock at a price of $23.4 per share.
- He also disposed of 441 shares of common stock at a price of $23.4 per share.
- Following these transactions, Kasel directly owns 151,173 shares of common stock.
- Additionally, he indirectly owns 11,408 shares through the L.B. Foster Company 401(k) Plan.
- Kasel also holds 12,783 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan, which will settle on December 31, 2024.
- He also holds 31,245 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan, which will settle on December 31, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders, depending on the overall market perception of the transaction.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 12,783 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan |
| 02/14/2023 | Grant date of 31,245 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan |
| 02/26/2024 | Date of stock disposal transactions. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
| 12/31/2024 | Settlement date for 12,783 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan. |
| 12/31/2025 | Settlement date for 31,245 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan. |
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