Form 4 for FSTR FOSTER L B CO
Accepted 2024-04-09 00:00:00 ET · period of report 2024-04-05 · accession 0000352825-24-000086 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-04-09 | 2024-04-05 | FSTR | KASEL JOHN F | Pres, Chief Exec Off, Dir | M - OptEx | $0.00 | +1,666 | 153.3K | +1% | $0 |
| D | 2024-04-09 | 2024-04-05 | FSTR | KASEL JOHN F | Pres, Chief Exec Off, Dir | F - Tax | $27.17 | -726 | 152.6K | -0.5% | -$19.7K |
| D | 2024-04-09 | 2024-04-05 | FSTR | KASEL JOHN F | Pres, Chief Exec Off, Dir | M - OptEx | $27.17 | -1,666 | 1,667 | -50% | -$45.3K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-04-05 | M | A | 1,666 | $0.00 | 153,348 | D | — | — | (F1) This amount represents fifty percent of the Performance-based stock unit award granted on 03/31/21 and earned on 04/05/24. (F3) Includes 31,245 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 31,245 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. (F2) Includes 12,783 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on 02/17/2022; those 12,783 Performance Restricted Stock Units will settle at the end of the 2022-2024 performance period on December 31, 2024, upon certification by the Compensation Committee. |
| 2 | Common | Common Stock | 2024-04-05 | F | D | 726 | $27.17 | 152,622 | D | — | — | (F3) Includes 31,245 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 31,245 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee. (F2) Includes 12,783 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on 02/17/2022; those 12,783 Performance Restricted Stock Units will settle at the end of the 2022-2024 performance period on December 31, 2024, upon certification by the Compensation Committee. |
| 3 | Derivative | Performance Stock Units | 2024-04-05 | M | D | 1,666 | $27.17 | 1,667 | D | — · — to 2026-02-28 | 1,666 Common Stock | (F5) This amount represents fifty percent of the Performance-based stock unit award granted on 03/31/21 and earned on 04/05/24. The remaining fifty percent of the same award may be earned until 02/28/26, the award's expiration date. (F4) Performance-based stock unit award which expires on 02/28/26, 5 years after the grant date. Fifty percent of the award, or 1,666 shares, may be earned when the consecutive 30 day average closing stock price per share of the Company's common stock on the Nasdaq Stock Market is $25.00 per share or more and is generally subject to continued employment with the Company until the third anniversary of the grant date. The remaining 50% of the award, or 1,667 shares, may be earned when the consecutive 30 day average closing stock price per share of the Company's common stock on the Nasdaq Stock Market is $30.00 per share or more and is generally subject to continued employment with the Company until the third anniversary of the grant date. If either or both of these measures are achieved after the third anniversary of the grant date, the shares will be issued upon attainment of such stock price goals and if the grantee is employed by the Company on the date of attainment of such goals. |