Allen James Douglas 4

What Happened

• Allen James Douglas, Forestar Group Inc. (FOR) Chief Financial Officer, had 5,420 restricted stock units convert to common shares on March 21, 2026. The filing reports the conversion (derivative exercise) of 5,420 RSUs into 5,420 shares (reported at $0.00). To satisfy withholding tax obligations, 2,006 of those shares were surrendered to the issuer at a withholding value of $24.29 per share, totaling $48,726. The net shares retained from this vesting event were 3,414 (5,420 acquired − 2,006 surrendered).

Key Details

• Transaction date: March 21, 2026; Form 4 filed March 24, 2026.
• Conversion: 5,420 RSUs converted to 5,420 common shares (reported as derivative exercise, code M) at $0.00 per share.
• Tax withholding: 2,006 shares surrendered (code F) at $24.29 per share, proceeds/withholding = $48,726.
• Net shares retained from this vesting: 3,414 shares.
• Footnotes: F1 — each RSU converts to one share on vesting; F2 — shares surrendered to cover withholding taxes on the March 21, 2026 vesting; F3 — the 27,100 RSU grant was originally awarded March 21, 2023 and vests in five annual installments (5,420 shares/year).
• Filing timeliness: Form filed three days after the transaction (Mar 24 vs Mar 21). Form 4 filing rules typically require reporting within two business days; check the filing for any late-report notation.

Context

• This was not an open-market sale or purchase: it reflects RSUs vesting and a common practice of surrendering shares to cover tax withholding (a net settlement), rather than a discretionary sale. Such tax-withholding surrenders are routine and do not necessarily indicate the insider’s view of the stock.