Form 4: L.B. Foster Exec Reports Routine Stock Withholding
Insider Transaction Report
L.B. Foster Company's EVP and Sr. Advisor to the CEO, Brian H. Kelly, reported the disposition of shares for tax obligations related to restricted stock vesting.
Summary
- Brian H. Kelly, EVP and Sr. Advisor to the CEO of L.B. Foster Company, reported the disposition of 5,983 shares of common stock on December 31, 2025.
- These dispositions were shares withheld to pay taxes applicable to the accelerated vesting of restricted stock from the 2023-2025, 2024-2026, and 2025-2027 Long Term Incentive Plans (LTIPs).
- The shares were disposed of at a price of $26.95 per share.
- Following these transactions, Brian H. Kelly beneficially owns 73,044 shares directly and 531 shares indirectly through the L.B. Foster Company 401(k) Plan.
Sentiment
Score: 5
Explanation: The filing reports routine tax-related dispositions of shares by an executive, which is a standard compliance event and does not indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
Performance Restricted Stock Units (PRSUs) from the 2023-2025 Long Term Incentive Plan are expected to settle on December 31, 2025, and PRSUs from the 2024-2026 plan are expected to settle on December 31, 2026, upon certification by the Compensation Committee.
Industry Context
This filing reports a routine insider transaction related to executive compensation, which is a common practice across publicly traded companies and does not reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Minimal impact on shareholders as these are routine tax-related dispositions of shares by an executive, not a sale into the open market or a change in company fundamentals.
Next Steps
- Settlement of 15,874 Performance Restricted Stock Units from the 2023-2025 LTIP on December 31, 2025.
- Settlement of 2,035 Performance Restricted Stock Units from the 2024-2026 LTIP on December 31, 2026.
Key Dates
| Date | Description |
|---|---|
| 02/14/2023 | 2023-2025 Long Term Incentive Plan (LTIP) awarded, including 15,874 Performance Restricted Stock Units (PRSUs). |
| 05/23/2024 | 2024-2026 Long Term Incentive Plan (LTIP) awarded, including 2,035 Performance Restricted Stock Units (PRSUs). |
| 05/22/2025 | 2025-2027 Long Term Incentive Plan (LTIP) awarded. |
| 12/31/2025 | Transaction date for disposition of shares for tax withholding; settlement date for 15,874 PRSUs from the 2023-2025 LTIP. |
| 01/05/2026 | Signature date of the reporting person. |
| 12/31/2026 | Settlement date for 2,035 PRSUs from the 2024-2026 LTIP. |
Keywords
L.B. Foster Company, FSTR, Form 4, Insider Transaction, Stock Withholding, Restricted Stock, Equity Compensation, Brian H. Kelly
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