Form 4: L.B. Foster SVP Jamie F. O'Neill Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Jamie F. O'Neill, SVP of Human Resources at L.B. Foster Company, reported the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 14, 2025, Jamie F. O'Neill, SVP of Human Resources at L.B. Foster Company, disposed of 229 shares of common stock at $27.5 per share to cover taxes related to the vesting of restricted stock.
- Following this transaction, O'Neill directly owns 8,714 shares of common stock, which includes performance restricted stock units earned under the 2022-2024 and 2023-2025 Long Term Incentive Plans (LTIP).
- On February 17, 2025, O'Neill disposed of 130 shares of common stock at $27.5 per share to cover taxes related to the vesting of restricted stock.
- Following this transaction, O'Neill directly owns 8,584 shares of common stock, which includes performance restricted stock units earned under the 2022-2024 and 2023-2025 Long Term Incentive Plans (LTIP).
- O'Neill also indirectly owns 141 shares through the L.B. Foster Company 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure related to stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency into the trading activities of company executives and their holdings in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Similar filings are routinely made by executives at comparable companies in the industrial sector, such as Trinity Industries, Inc. and Valmont Industries, Inc., whenever they engage in transactions involving their company's stock.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the total outstanding shares.
- The transactions do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 1,066 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan. |
| 02/14/2023 | Grant date of 1,704 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan. |
| 12/31/2024 | Settlement date for 1,066 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan, upon certification by the Compensation Committee. |
| 02/14/2025 | Transaction date: Disposal of 229 shares of common stock for tax obligations. |
| 02/17/2025 | Transaction date: Disposal of 130 shares of common stock for tax obligations. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
| 12/31/2025 | Settlement date for 1,704 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan, upon certification by the Compensation Committee. |
Keywords
Form 4, Beneficial Ownership, L.B. Foster Company, FSTR, Jamie F. O'Neill, Stock Disposal, Restricted Stock Units, LTIP, Tax Obligations
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