William M. Thalman - Apr 5, 2024 Form 4 Insider Report for FOSTER L B CO (FSTR)

Role
EVP & CFO
Signature
/s/ William M. Thalman by Judith Balog, attorney-in-fact
Stock symbol
FSTR
Transactions as of
Apr 5, 2024
Transactions value $
-$64,692
Form type
4
Date filed
4/9/2024, 02:38 PM
Previous filing
Mar 5, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSTR Common Stock Options Exercise $0 +1.67K +3.39% $0.00 50.9K Apr 5, 2024 Direct F1, F2, F3
transaction FSTR Common Stock Tax liability -$19.4K -715 -1.41% $27.17 50.1K Apr 5, 2024 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FSTR Performance Stock Units Options Exercise -$45.3K -1.67K -49.98% $27.17 1.67K Apr 5, 2024 Common Stock 1.67K Direct F4, F5
holding FSTR Performance Stock Units 3.33K Apr 5, 2024 Common Stock 3.33K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount represents fifty percent of the Performance-based stock unit award granted on 03/31/21 and earned on 04/05/24.
F2 Includes 6,392 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on 02/17/2022; those 6,392 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.
F3 Includes 9,942 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 9,942 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
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.
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.