Form 4: L.B. Foster Officer Reports Stock Transactions
Statement of Changes in Beneficial Ownership
L.B. Foster Company officer Gregory W. Lippard reported transactions involving common stock, including shares withheld for taxes and performance-based units.
Summary
- Gregory W. Lippard, SVP - Rail at L.B. Foster Company, reported a transaction on May 22, 2026.
- 905 shares of common stock were withheld to cover taxes related to the vesting of restricted stock from the 2025-2027 Long Term Incentive Plan (LTIP).
- The transaction involved a price of $38.11 per share.
- Following the transaction, Lippard beneficially owns 75,031 shares of common stock directly.
- Additionally, 1,531 shares are held indirectly through the L.B. Foster Company 401(k) Plan.
- The report also notes 1,002 Performance Restricted Stock Units (PSUs) earned under the 2025-2027 LTIP, granted on May 22, 2025, which are set to settle on December 31, 2027.
- Furthermore, 4,427 PSUs earned under the 2024-2026 LTIP, granted on May 23, 2024, are noted, with settlement expected on December 31, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine executive stock transactions and compensation plan mechanics rather than significant strategic or financial performance shifts.
Positives
- Officer Gregory W. Lippard continues to hold a significant number of shares, indicating continued commitment to the company.
- The withholding of shares for taxes is a standard procedure for vesting restricted stock, suggesting normal compensation plan operations.
- Performance Restricted Stock Units earned under LTIPs indicate alignment of executive compensation with long-term company performance goals.
Negatives
- Shares were withheld to cover tax obligations, which represents a reduction in the immediate number of shares available to the reporting person.
Risks
- The settlement of Performance Restricted Stock Units is contingent upon certification by the Compensation Committee, introducing a degree of uncertainty.
- Future tax liabilities on vested stock awards remain a consideration.
Future Outlook
The filing indicates the future settlement of Performance Restricted Stock Units under the 2024-2026 and 2025-2027 Long Term Incentive Plans, contingent on Compensation Committee certification.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for Section 16 officers and directors, providing transparency into insider stock transactions. This filing is typical for executive compensation management within the industrial sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Gregory W. Lippard granted a Limited Power of Attorney to specific individuals (Patrick Guinee, Alex DelVecchio, Judith Balog, and Maribel Castro) to execute and file Forms 3, 4, and 5 on his behalf as a director and/or officer of L.B. Foster Company. | 05/21/2026 | Ensures compliance with Section 16 reporting requirements even in the absence of the reporting person's direct involvement in signing the forms. |
Stakeholder Impact
- Shareholders: Gain insight into executive stock ownership and compensation practices, which can indirectly influence company performance and valuation.
- Employees: The Long Term Incentive Plans mentioned suggest a focus on aligning employee incentives with company success.
- Management: The filing details standard compensation and tax management for executive stock awards.
Next Steps
- Settlement of Performance Restricted Stock Units under the 2024-2026 LTIP on December 31, 2026.
- Settlement of Performance Restricted Stock Units under the 2025-2027 LTIP on December 31, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/21/2026 | Date of execution for the Limited Power of Attorney. |
| 05/22/2024 | Grant date for 4,427 Performance Restricted Stock Units under the 2024-2026 Long Term Incentive Plan. |
| 05/22/2025 | Grant date for 1,002 Performance Restricted Stock Units under the 2025-2027 Long Term Incentive Plan. |
| 05/22/2026 | Transaction date for shares withheld to pay taxes and for the vesting of restricted stock. |
| 05/27/2026 | Date of signature for the Form 4 filing. |
| 12/31/2026 | Expected settlement date for 4,427 Performance Restricted Stock Units earned under the 2024-2026 LTIP. |
| 12/31/2027 | Expected settlement date for 1,002 Performance Restricted Stock Units earned under the 2025-2027 LTIP. |
Keywords
Form 4, SEC Filing, L.B. Foster Company, FSTR, Gregory W. Lippard, Stock Transaction, Beneficial Ownership, Restricted Stock, Long Term Incentive Plan, Performance Restricted Stock Units, Executive Compensation, Insider Trading
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