Form 4: L.B. Foster SVP Rail, Gregory W. Lippard, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gregory W. Lippard, SVP Rail at L.B. Foster Company, reports changes in beneficial ownership of company stock due to tax withholdings related to vesting restricted stock units.
Summary
- On February 14, 2025, Gregory W. Lippard, SVP Rail at L.B. Foster Company, reported a transaction involving common stock.
- 1,429 shares were withheld to cover taxes related to the vesting of restricted stock from the 2023-2025 Long Term Incentive Plan (LTIP) awarded on February 14, 2023, at a price of $27.5 per share.
- Following this transaction, Lippard directly owns 59,900 shares of common stock.
- On February 17, 2025, 780 shares were withheld to cover taxes related to the vesting of restricted stock from the 2022-2024 Long Term Incentive Plan (LTIP) awarded on February 17, 2022, at a price of $27.5 per share.
- Following this transaction, Lippard directly owns 59,120 shares of common stock.
- Lippard also indirectly owns 1,531 shares through the L.B. Foster Company 401(k) Plan.
- The reported holdings include 4,261 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on February 17, 2022, which will settle on December 31, 2024, upon certification by the Compensation Committee.
- The reported holdings also include 7,101 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on February 14, 2023, which will settle on December 31, 2025, upon certification by the Compensation Committee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions have a minor impact on the overall share count.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 4,261 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan |
| 02/14/2023 | Grant date of 7,101 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan |
| 12/31/2024 | Settlement date for 4,261 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan, upon certification by the Compensation Committee |
| 02/14/2025 | Date of transaction where 1,429 shares were withheld for taxes related to the 2023-2025 LTIP. |
| 02/17/2025 | Date of transaction where 780 shares were withheld for taxes related to the 2022-2024 LTIP. |
| 12/31/2025 | Settlement date for 7,101 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan, upon certification by the Compensation Committee |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
beneficial ownership, Form 4, L.B. Foster, FSTR, stock, Lippard, restricted stock units, LTIP, 401(k)
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