Form 4: L.B. Foster SVP Rail, Gregory W. Lippard, Reports Stock Disposal
SEC Form 4
Gregory W. Lippard, SVP Rail at L.B. Foster, reports the disposal of 637 shares of common stock at $23.40 per share.
Summary
- On February 26, 2024, Gregory W. Lippard, SVP Rail at L.B. Foster Co, disposed of 637 shares of common stock at a price of $23.40 per share.
- Following the transaction, Lippard directly owns 55,877 shares of common stock.
- Lippard also indirectly owns 1,531 shares through the L.B. Foster Company 401(k) Plan.
- The reported holdings include performance-restricted stock units (PRSUs) earned under the 2022-2024 and 2023-2025 Long Term Incentive Plans, which will settle on December 31, 2024, and December 31, 2025, respectively, upon certification by the Compensation Committee.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider stock transaction, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 4,261 Performance Restricted Stock Units under the 2022-2024 Long Term Incentive Plan. |
| 02/14/2023 | Grant date of 7,101 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 Form 4 filing. |
| 12/31/2024 | Settlement date for 4,261 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan. |
| 12/31/2025 | Settlement date for 7,101 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan. |
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