Allen James Douglas 4

What Happened Allen James Douglas, Chief Financial Officer of Forestar Group Inc. (FOR), had 2,330 restricted stock units (RSUs) vest and convert to common shares on March 18, 2026. Of those shares, 863 were surrendered to the issuer to cover withholding taxes at $24.73 per share, generating $21,342 in tax withholding. After withholding, the net shares issued to him were 1,467.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (timely).
• Actions reported: Exercise/conversion of derivative (code M) for 2,330 RSUs → 2,330 shares; tax withholding (code F) surrendered 863 shares @ $24.73, value $21,342.
• Net shares received: 2,330 − 863 = 1,467 shares (issued to insider after withholding).
• Footnotes: F1/F3 — each RSU converts to one share on vesting; these RSUs were part of a 12,594 RSU grant on March 18, 2021 that vests in five annual installments starting March 18, 2022. F2 — 863 shares surrendered to cover withholding tax obligations.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: Filed two days after the transaction date (appears timely under Section 16 rules).

Context

• This was a scheduled RSU vesting and net-share settlement for taxes, not an open-market sale or purchase. Surrendering shares to cover withholding is routine and does not necessarily indicate a trading intent or change in view of the company.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion); F = shares withheld/surrendered to satisfy tax withholding.