Form 4: L.B. Foster SVP Peter Jones Reports Stock Disposal
SEC Form 4 Filing
Peter David Vaughan Jones, SVP at L.B. Foster, reported disposing of 263 shares of common stock on February 26, 2024.
Summary
- On February 26, 2024, Peter David Vaughan Jones, SVP at L.B. Foster, disposed of 263 shares of common stock at a price of $23.4 per share.
- Following the transaction, Jones directly owns 20,118 shares of L.B. Foster common stock.
- The reported holdings include performance-restricted stock units (PRSUs) earned under the company's Long-Term Incentive Plans, which will settle at the end of their respective performance periods upon certification by the Compensation Committee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document mentions the future settlement of performance-restricted stock units based on the company's long-term incentive plans, contingent upon certification by the Compensation Committee.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders, as insider transactions are often scrutinized for signals about the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 2,663 Performance Restricted Stock Units under the 2022-2024 Long Term Incentive Plan |
| 02/14/2023 | Grant date of 4,261 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 by attorney-in-fact |
| 12/31/2024 | Settlement date for 2,663 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan |
| 12/31/2025 | Settlement date for 4,261 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan |
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