Form 4: L.B. Foster SVP Sara Fay Rolli Reports Stock Transaction
SEC Form 4 Filing
Sara Fay Rolli, SVP of Operational Administration at L.B. Foster, reports the disposition of 153 shares of common stock to cover taxes related to vesting restricted stock.
Summary
- On February 14, 2025, Sara Fay Rolli, SVP of Operational Administration at L.B. Foster, disposed of 153 shares of common stock at a price of $27.50.
- This transaction was to cover taxes applicable to the vesting of restricted stock related to the 2023-2025 Long Term Incentive Plan (LTIP) awarded on February 14, 2023.
- Following the transaction, Rolli beneficially owns 3,998 shares of L.B. Foster common stock, which includes 1,136 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023.
- These 1,136 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to executive compensation and tax obligations.
Future Outlook
The 1,136 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine transaction related to executive compensation.
Next Steps
- The 1,136 Performance Restricted Stock Units will settle on December 31, 2025, pending certification by the Compensation Committee.
Key Dates
| Date | Description |
|---|---|
| 02/14/2023 | Date of grant for the 2023-2025 Long Term Incentive Plan (LTIP). |
| 02/14/2025 | Date of stock transaction (disposal of 153 shares) to cover taxes related to vesting restricted stock. |
| 12/31/2025 | Settlement date for 1,136 Performance Restricted Stock Units, pending certification by the Compensation Committee. |
| 02/19/2025 | Date of Form 4 filing. |
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