Donald C. Spitzer - Feb 21, 2023 Form 4 Insider Report for Forestar Group Inc. (FOR)

Role
Director
Signature
/s/ Ashley Dagley, Attorney-in-Fact for Donald C. Spitzer
Stock symbol
FOR
Transactions as of
Feb 21, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 03:12 PM
Previous filing
Nov 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOR Common Stock Options Exercise +7.09K +45.22% 22.8K Feb 21, 2023 Direct F1

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 FOR Restricted Stock Unit Options Exercise $0 -1K -100% $0.00* 0 Feb 21, 2023 Common Stock 1K Direct F1, F2, F6
transaction FOR Restricted Stock Unit Options Exercise $0 -2K -100% $0.00* 0 Feb 21, 2023 Common Stock 2K Direct F1, F3, F6
transaction FOR Restricted Stock Unit Options Exercise $0 -1.36K -100% $0.00* 0 Feb 21, 2023 Common Stock 1.36K Direct F1, F4, F6
transaction FOR Restricted Stock Unit Options Exercise $0 -2.73K -100% $0.00* 0 Feb 21, 2023 Common Stock 2.73K Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit converts into one share of FOR common stock.
F2 On March 10, 2020, the reporting person was granted 3,000 restricted stock units, vesting in three equal annual installments beginning March 10, 2021.
F3 On November 2, 2020, the reporting person was granted 6,000 restricted stock units, vesting in three equal annual installments beginning November 2, 2021.
F4 On March 18, 2021, the reporting person was granted 2,036 restricted stock units, vesting in three equal annual installments beginning March 18, 2022.
F5 On March 31, 2022, the reporting person was granted 2,731 restricted stock units, vesting in three equal annual installments beginning March 31, 2023.
F6 The vesting of Mr. Spitzer's restricted stock units accelerated per the terms of his Retricted Stock Unit Agreement.