Form 4: L.B. Foster Executive Brian Hunter Friedman Reports Stock Transactions
SEC Form 4
Brian Hunter Friedman, SVP and Chief Growth Officer of L.B. Foster, reports the withholding of shares to cover taxes on vested restricted stock units and adjustments to holdings in the company's 401(k) plan.
Summary
- Brian Hunter Friedman, a senior executive at L.B. Foster Company, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On February 14, 2025, 839 shares of common stock were withheld to cover taxes related to the vesting of restricted stock awarded under the 2023-2025 Long Term Incentive Plan (LTIP) at a price of $27.5 per share.
- Following this transaction, Friedman directly owns 18,622 shares of common stock.
- This total includes 2,663 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on 02/17/2022, and 4,261 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023.
- On February 17, 2025, 477 shares were withheld to pay taxes applicable to the vesting of restricted stock related to the 2022-2024 LTIP awarded on 2/17/22, resulting in direct ownership of 18,145 shares.
- Friedman also indirectly owns 1,083 shares through the L.B. Foster Company 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine tax-related stock withholding.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 2022-2024 Long Term Incentive Plan (LTIP) |
| 02/14/2023 | Grant date of 2023-2025 Long Term Incentive Plan (LTIP) |
| 12/31/2024 | Settlement date for 2022-2024 Performance Restricted Stock Units upon certification by the Compensation Committee |
| 02/14/2025 | Date of transaction where 839 shares were withheld for taxes on vested restricted stock. |
| 02/17/2025 | Date of transaction where 477 shares were withheld for taxes on vested restricted stock. |
| 12/31/2025 | Settlement date for 2023-2025 Performance Restricted Stock Units upon certification by the Compensation Committee |
| 02/19/2025 | Date of Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, L.B. Foster, FSTR, Friedman, Restricted Stock Units, LTIP, 401(k)
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