0000352825-24-000090.txt : 20240409
0000352825-24-000090.hdr.sgml : 20240409
20240409143533
ACCESSION NUMBER: 0000352825-24-000090
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240405
FILED AS OF DATE: 20240409
DATE AS OF CHANGE: 20240409
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LIPPARD GREGORY W
CENTRAL INDEX KEY: 0001215503
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-10436
FILM NUMBER: 24832194
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FOSTER L B CO
CENTRAL INDEX KEY: 0000352825
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 251324733
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 415 HOLIDAY DR
CITY: PITTSBURGH
STATE: PA
ZIP: 15220
BUSINESS PHONE: 4129283431
MAIL ADDRESS:
STREET 1: 415 HOLIDAY DR
CITY: PITTSBURGH
STATE: PA
ZIP: 15220
4
1
wk-form4_1712687724.xml
FORM 4
X0508
4
2024-04-05
0
0000352825
FOSTER L B CO
FSTR
0001215503
LIPPARD GREGORY W
L.B. FOSTER COMPANY
415 HOLIDAY DRIVE, SUITE 100
PITTSBURGH
PA
15220
0
1
0
0
SVP -Rail
0
Common Stock
2024-04-05
4
M
0
1666
0
A
57543
D
Common Stock
2024-04-05
4
F
0
733
27.17
D
56810
D
Common Stock
1531
I
L.B. Foster Company 401(k) Plan Shares
Performance Stock Units
2026-02-28
Common Stock
3333
3333
D
Performance Stock Units
2024-04-05
4
M
0
1666
27.17
D
2026-02-28
Common Stock
1666
1667
D
This amount represents fifty percent of the Performance-based stock unit award granted on 03/31/21 and earned on 04/05/24.
Includes 4,261 Performance Restricted Stock Units earned under the 2022-2024 Long Term Incentive Plan granted on 02/17/2022; those 4,261 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.
Includes 7,101 Performance Restricted Stock Units earned under the 2023-2025 Long Term Incentive Plan granted on 2/14/2023; those 7,101 Performance Restricted Stock Units will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee.
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.
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.
/s/ Gregory W. Lippard by Judith Balog, attorney-in-fact
2024-04-09