Form 4: L.B. Foster Controller Sean M. Reilly Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Sean M. Reilly, Controller of L.B. Foster Company, reported disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 14, 2025, Sean M. Reilly, Controller of L.B. Foster Company, disposed of 687 shares of common stock at $27.5 per share to cover taxes related to vesting restricted stock.
- Following this transaction, Reilly directly owns 21,849 shares of common stock.
- On February 17, 2025, Reilly disposed of 369 shares of common stock at $27.5 per share for the same reason.
- Following this transaction, Reilly directly owns 21,480 shares of common stock.
- Reilly also indirectly owns 806 shares through the L.B. Foster Company 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions are related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 2,130 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan. |
| 02/14/2023 | Grant date of 3,551 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan. |
| 12/31/2024 | Settlement date for 2,130 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan, upon certification by the Compensation Committee. |
| 02/14/2025 | Date of transaction: Disposal of 687 shares of common stock. |
| 02/17/2025 | Date of transaction: Disposal of 369 shares of common stock. |
| 12/31/2025 | Settlement date for 3,551 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan, upon certification by the Compensation Committee. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Sean M. Reilly, L.B. Foster Company, FSTR, Stock Disposal, Restricted Stock Units, LTIP, Controller
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.