Form 4: L.B. Foster EVP General Counsel & Sec. Patrick J. Guinee Reports Stock Transactions
SEC Form 4
Patrick J. Guinee, EVP General Counsel & Secretary of L.B. Foster Co., reports disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 14, 2025, Patrick J. Guinee disposed of 1,657 shares of Common Stock at a price of $27.5 to cover taxes related to the vesting of restricted stock awarded on February 14, 2023, under the 2023-2025 Long Term Incentive Plan (LTIP).
- Following this transaction, Guinee directly owns 67,694 shares of Common Stock, which includes 5,859 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on February 17, 2022, and 8,522 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on February 14, 2023.
- On February 17, 2025, Guinee disposed of 975 shares of Common Stock at a price of $27.5 to cover taxes related to the vesting of restricted stock awarded on February 17, 2022, under the 2022-2024 Long Term Incentive Plan (LTIP).
- Following this transaction, Guinee directly owns 66,719 shares of Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an insider, and does not contain information that would significantly impact sentiment positively or negatively.
Future Outlook
The 5,859 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan will settle at the end of the 2022-2024 performance period on December 31, 2024, upon certification by the Compensation Committee, and the 8,522 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider and is a common occurrence in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 5,859 Performance Restricted Stock Units under the 2022-2024 Long Term Incentive Plan. |
| 02/14/2023 | Grant date of 8,522 Performance Restricted Stock Units under the 2023-2025 Long Term Incentive Plan. |
| 12/31/2024 | Settlement date for 5,859 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan, upon certification by the Compensation Committee. |
| 02/14/2025 | Disposition of 1,657 shares of Common Stock to cover taxes related to vesting restricted stock. |
| 02/17/2025 | Disposition of 975 shares of Common Stock to cover taxes related to vesting restricted stock. |
| 12/31/2025 | Settlement date for 8,522 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan, upon certification by the Compensation Committee. |
| 02/19/2025 | Date of Form 4 signature. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, L.B. Foster, Guinee, FSTR
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