Form 4: L.B. Foster Executive Patrick J. Guinee Reports Stock Disposal
SEC Form 4 Filing
EVP General Counsel & Secretary of L.B. Foster, Patrick J. Guinee, reports the disposal of 843 shares of common stock at $23.40 on February 26, 2024, leaving him with 64,729 shares.
Summary
- On February 26, 2024, Patrick J. Guinee, EVP General Counsel & Secretary of L.B. Foster, disposed of 843 shares of common stock.
- The transaction was executed at a price of $23.40 per share.
- Following the transaction, Guinee directly owns 64,729 shares of L.B. Foster common stock.
- This includes 5,859 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on 02/17/2022, which will settle on December 31, 2024.
- It also includes 8,522 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023, which will settle on December 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
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 |
| 02/26/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of signature on the Form 4 filing |
| 12/31/2024 | Settlement date for 5,859 Performance Restricted Stock Units (2022-2024 plan) |
| 12/31/2025 | Settlement date for 8,522 Performance Restricted Stock Units (2023-2025 plan) |
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