Form 4: L.B. Foster EVP & CFO William Thalman Reports Stock Transactions
SEC Form 4
William Thalman, EVP & CFO of L.B. Foster Company, reports the withholding of shares to cover taxes related to vesting restricted stock units.
Summary
- On February 14, 2025, William M. Thalman, EVP & CFO of L.B. Foster Company, had 1,930 shares of common stock withheld to cover taxes related to the vesting of restricted stock related to the 2023-2025 LTIP awarded on February 14, 2023, at a price of $27.5.
- Following this transaction, Thalman beneficially owns 56,876 shares of common stock, which includes 6,392 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on February 17, 2022, and 9,942 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on February 14, 2023.
- On February 17, 2025, 1,027 shares were withheld to pay taxes applicable to the vesting of restricted stock related to the 2022-2024 LTIP awarded on February 17, 2022, at a price of $27.5.
- Following this transaction, Thalman beneficially owns 55,849 shares of common stock.
- The Performance Restricted Stock Units will settle at the end of their respective performance periods (December 31, 2024, and December 31, 2025) upon certification by the Compensation Committee.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment.
Future Outlook
The Performance Restricted Stock Units will settle at the end of the 2022-2024 and 2023-2025 performance periods upon certification by the Compensation Committee.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall share count and are primarily relevant to the executive's personal holdings.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 2022-2024 Long Term Incentive Plan |
| 02/14/2023 | Grant date of 2023-2025 Long Term Incentive Plan |
| 12/31/2024 | Settlement date for 2022-2024 Performance Restricted Stock Units |
| 02/14/2025 | Transaction date: 1,930 shares withheld for taxes |
| 02/17/2025 | Transaction date: 1,027 shares withheld for taxes |
| 12/31/2025 | Settlement date for 2023-2025 Performance Restricted Stock Units |
| 02/19/2025 | Date of Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Executive Compensation, Restricted Stock Units, L.B. Foster, Thalman, FSTR
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