Form 4: L.B. Foster Controller Sean M. Reilly Reports Stock Transaction
SEC Form 4 Filing
L.B. Foster's Controller, Sean M. Reilly, reported a transaction involving the disposition of 1,627 shares of common stock at $25.12 per share.
Summary
- Sean M. Reilly, Controller at L.B. Foster, filed a Form 4 indicating a transaction on January 10, 2025.
- The transaction involved the disposition of 1,627 shares of L.B. Foster common stock at a price of $25.12 per share.
- Following the transaction, Mr. Reilly directly owns 22,536 shares of common stock.
- He also indirectly owns 788 shares through the L.B. Foster Company 401(k) Plan.
- The report also mentions 2,130 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan, which will settle on December 31, 2024.
- Additionally, 3,551 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan will settle on December 31, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction by an insider, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company officers.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transaction is typical for executives who may receive stock-based compensation and periodically sell shares for personal financial management.
- Similar filings are made by executives at companies like Trinity Industries (TRN) and United States Steel (X), which are in related industries.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive.
- The filing provides transparency to the market regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 2,130 Performance Restricted Stock Units under the 2022-2024 Long Term Incentive Plan. |
| 02/14/2023 | Grant date of 3,551 Performance Restricted Stock Units under the 2023-2025 Long Term Incentive Plan. |
| 12/31/2024 | Settlement date for 2,130 Performance Restricted Stock Units from the 2022-2024 plan. |
| 01/10/2025 | Date of the reported stock transaction where 1,627 shares were disposed of. |
| 01/13/2025 | Date of the signature on the Form 4 filing. |
| 12/31/2025 | Settlement date for 3,551 Performance Restricted Stock Units from the 2023-2025 plan. |
Keywords
Form 4, insider trading, stock transaction, L.B. Foster, FSTR, equity securities, restricted stock units, beneficial ownership
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