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Companies Foster L B Co

Foster L B (FSTR): executive pay, fiscal 2025

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CEO total pay$2,920,512CEO John Kasel · source
Say-on-pay support99.78%Latest vote · source
CEO vs. named peers50th pct.Of 16 peer CEOs
CEO pay ratio38:1To the median employee · source

CEO pay, last three years

  • $2,857,653FY2023
  • $3,075,320FY2024
  • $2,920,512FY2025

CEO total pay was $2,920,512 in fiscal 2025, down from $3,075,320 in fiscal 2024.

FY2025: salary $790,417 · bonus $0 · stock awards $1,319,357 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Foster L B Co in fiscal 2025?
As disclosed, John Kasel (President and CEO) was the highest-paid executive at Foster L B Co in fiscal 2025, with total compensation of $2,920,512.
How does Foster L B Co's chief executive pay compare to its disclosed peer group?
As disclosed, John Kasel's total compensation ranked at the 50th percentile of Foster L B Co's disclosed peer group.
What is Foster L B Co's CEO-to-median employee pay ratio?
As disclosed, Foster L B Co's CEO-to-median employee pay ratio was 38:1.
How did shareholders vote on Foster L B Co's executive compensation?
As disclosed, 99.78% of shareholders supported Foster L B Co's executive compensation in the latest say-on-pay vote.
How much does Foster L B Co spend in total on board compensation for fiscal 2025?
As disclosed, Foster L B Co reported total board compensation of $1,213,261 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Kasel$790,417$0$1,319,357$0$654,400$0$156,338$2,920,512
President and CEO
Brian Kelly390,6460320,4070176,6090584,6261,472,288
Former EVP and Senior Advisor to the CEO
William Thalman436,6150376,9540234,707095,9821,144,258
EVP and Chief Financial Officer
Patrick Guinee408,9580343,9810202,012082,3951,037,346
EVP, General Counsel and Corporate Secretary
Gregory Lippard363,4210278,016068,958074,753785,148
SVP, Rail

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
John Kasel$2,920,512$3,075,320$2,857,653↓ −154,808
Brian Kelly1,472,2881,071,9431,024,987↑ +400,345
William Thalman1,144,2581,211,6901,159,545↓ −67,432
Patrick Guinee1,037,3461,095,8701,040,825↓ −58,524
Gregory Lippard785,1481,000,488843,704↓ −215,340

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy facilitates the attraction and retention of talented and qualified executives and seeks to align executive compensation with Company performance by rewarding initiative and positive financial and operating results. Compensation opportunities are determined with reference to the 50th percentile or median of the market, and the program avoids highly-leveraged incentives that could drive risky short-term behavior.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Brian KellyPSU2025-05-225,15410,308—20,616$192,244
Gregory LippardRSU2025-05-22——5,963—111,210
Gregory LippardPSU2025-05-224,4728,944—17,888166,806
William ThalmanRSU2025-05-22——8,085—150,785
John KaselPSU2025-05-2221,22342,446—84,892791,618
Patrick GuineeRSU2025-05-22——7,378—137,600
Brian KellyRSU2025-05-22——6,872—128,163
Patrick GuineePSU2025-05-225,53311,066—22,132206,381
John KaselRSU2025-05-22——28,297—527,739
William ThalmanPSU2025-05-226,06412,127—24,254226,169

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Brian Kelly$128,163$192,244$060.0%
Gregory Lippard111,210166,806060.0%
William Thalman150,785226,169060.0%
John Kasel527,739791,618060.0%
Patrick Guinee137,600206,381060.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gregory LippardPSU13,351—$359,809
Patrick GuineePSU16,217—437,048
William ThalmanPSU17,551—472,999
Brian KellyRSU29,349—790,956
Gregory LippardRSU36,420—981,519
Patrick GuineeRSU44,370—1,195,772
William ThalmanRSU50,410—1,358,550
John KaselPSU55,044—1,483,436
John KaselRSU162,382—4,376,195
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Raymond T. BetlerIndependent · Board Chair · Compensation$145,000$90,000———$235,000
Diane B. OwenIndependent · Audit · Compensation · Nomination and Governance (Chair) · Corporate Responsibility82,50090,000———172,500
John E. KunzIndependent · Audit · Compensation (Chair) · Corporate Responsibility82,50090,000———172,500
Bruce E. ThompsonIndependent · Audit (Chair) · Nomination and Governance · Corporate Responsibility82,50090,000———172,500
David J. MeyerIndependent · Nomination and Governance · Corporate Responsibility (Chair)72,00490,000———162,004
Alexander B. JonesIndependent · Departed during FY66,95790,000———156,957
Janet LeeIndependent · Departed during FY51,80090,000———141,800
John F. KaselEmployee director—————0

Board fee structure and ownership guideline

Annual cash retainer$70,000
Annual equity retainer$90,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)12,500 / 12,500 / 12,500
Stock ownership guideline$4

Total cost of the board

ComponentFY2025
Cash retainers and fees$583,261
Equity awards (grant-date value)$630,000
All other compensation$0
Total cost of the board$1,213,261

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Foster L B as a peer

Companies that benchmark against FSTR

19 companies name FSTR as a compensation peer

The list of companies that name FSTR as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Foster L B Co names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1NPK International Inc.2025Matthew Lanigan$754,000$4,058,537$0$3,339,632$8,196,160
2Columbus McKinnon Corporation2026David Wilson925,0003,111,978925,000925,0005,971,066
3Quanex Building Products Corporation2025George Wilson950,0001,853,4250737,5783,635,424
4Hawkins, Inc.2026Patrick Hawkins743,2692,062,3930736,9843,607,894
5Nwpx Infrastructure, Inc.2025Scott Montross732,1821,280,06101,464,3643,492,930
6InSteel Industries Inc.2025H.o. Woltz III750,000562,506562,4891,500,0003,447,259
7LSI Industries Inc.2026James Clark765,3421,500,0000964,3453,395,505
8Foster L B Co2025John Kasel790,4171,319,3570654,4002,920,512
9Haynes International, Inc.2023Michael Shor700,0011,080,122297,499452,3852,610,143
10Twin Disc, Incorporated2026John Batten712,0711,002,7670440,0602,345,850
11The Gorman-Rupp Company2025Scott King717,500750,000002,187,652
12Orion Group Holdings, Inc.2025Paul McDowell584,000659,9060746,9362,080,319
13Ampco-Pittsburgh Corporation2025J. Brett McBrayer718,750701,7820600,9532,065,460
14Ascent Industries Co.2025J. Bryan Kitchen500,000422,017——1,372,017
15Tredegar Corporation2025John Steitz937,560000984,438
—Manitex International, Inc.——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Foster L B Conot disclosedPSU 60 · Restricted Stock 40not disclosedPay Governance
Ampco-Pittsburgh Corporationnot disclosedPSU 67 · RSU 33not disclosedPay Governance LLC
Ascent Industries Co.not disclosednot disclosednot disclosednot disclosed
Columbus McKinnon Corporation100%PSU 50 · RSU 25 · Options 25NoMeridian
Hawkins, Inc.not disclosedPRSU 100not disclosedMcLagan
Haynes International, Inc.64.6%PSU 37.5 · RSU 37.5 · Options 25Yes — Relative Total Shareholder Return (TSR)Total Rewards Strategies
InSteel Industries Inc.not disclosednot disclosednot disclosedPearl Meyer
LSI Industries Inc.154.6%PSU 60 · RSU 40NoFW Cook
Manitex International, Inc.not disclosednot disclosednot disclosednot disclosed
NPK International Inc.not disclosedRSU 50 · PRSU 50not disclosedZayla Partners, LLC
Nwpx Infrastructure, Inc.not disclosedPSU 75 · RSU 25not disclosedWillis Towers Watson
Orion Group Holdings, Inc.not disclosedPSU 60 · RSU 40Yes — absolute TSR performanceFerguson Partners Consulting L.P.
Quanex Building Products Corporationnot disclosedPerformance Shares 40 · Restricted Stock 30 · PRSU 30not disclosedFrederic W. Cook & Co., Inc.
The Gorman-Rupp Companynot disclosednot disclosednot disclosedSemler Brossy Consulting Group
Tredegar Corporationnot disclosedRestricted Stock 50 · Performance Units 50not disclosedPearl Meyer
Twin Disc, Incorporatednot disclosednot disclosednot disclosedPay Governance, LLC

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-217,556,42416,54510,47999.78%Passed
20252025-05-228,731,033101,07835,60598.86%Passed
20242024-05-228,170,12523,15923,26999.72%Passed
20232023-05-256,896,8351,066,504598,15486.61%Passed
20222022-06-026,926,9071,607,0546,92281.17%Passed
20212021-05-276,241,8031,198,601166,20483.89%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-2199.78%a
20252025-05-2298.86%b
20242024-05-2299.72%c

a. Approved under the standard stated in the filing — “Abstentions are not considered to be votes cast on this proposal and will have no effect on the vote for this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions are not considered to be votes cast on this proposal and will have no effect on the vote for this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions are not considered to be votes cast on this proposal and will have no effect on the vote for this proposal.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)38 : 1
CEO total compensation$2,252,239
Median employee compensation$59,038
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (54 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, John Kasel. DEF 14A, filed 2026-04-10. Section “SUMMARY COMPENSATION TABLE – 2025, 2024, AND 2023” · page 39. As printed: 2,920,512. View filing ↗
  • Section 01, Brian Kelly. DEF 14A, filed 2026-04-10. Section “SUMMARY COMPENSATION TABLE – 2025, 2024, AND 2023” · page 39. As printed: 1,472,288. View filing ↗
  • Section 01, William Thalman. DEF 14A, filed 2026-04-10. Section “SUMMARY COMPENSATION TABLE – 2025, 2024, AND 2023” · page 39. As printed: 1,144,258. View filing ↗
  • Section 01, Patrick Guinee. DEF 14A, filed 2026-04-10. Section “SUMMARY COMPENSATION TABLE – 2025, 2024, AND 2023” · page 39. As printed: 1,037,346. View filing ↗
  • Section 01, Gregory Lippard. DEF 14A, filed 2026-04-10. Section “SUMMARY COMPENSATION TABLE – 2025, 2024, AND 2023” · page 39. As printed: 785,148. View filing ↗
  • Section 03, Brian Kelly PSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Lippard RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Lippard PSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, William Thalman RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, John Kasel PSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Patrick Guinee RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Brian Kelly RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Patrick Guinee PSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, John Kasel RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, William Thalman PSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN-BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2019-04-11. Section “CEO Pay Ratio”. As printed: 38 : 1. View filing ↗
  • Section 08, Raymond T. Betler. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 235,000. View filing ↗
  • Section 08, Diane B. Owen. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 172,500. View filing ↗
  • Section 08, John E. Kunz. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 172,500. View filing ↗
  • Section 08, Bruce E. Thompson. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 172,500. View filing ↗
  • Section 08, David J. Meyer. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 162,004. View filing ↗
  • Section 08, Alexander B. Jones. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 156,957. View filing ↗
  • Section 08, Janet Lee. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 141,800. View filing ↗
  • Section 08, John F. Kasel. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 99.78% (votes for as printed: 7,556,424). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-27. Item 5.07 · say-on-pay result. As reported: 98.86% (votes for as printed: 8,731,033). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-24. Item 5.07 · say-on-pay result. As reported: 99.72% (votes for as printed: 8,170,125). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 583,261 + equity 630,000 + all other 0 = 1,213,261, summed across the director compensation table rows.
  • NPK International Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in NPK International Inc.'s own proxy. As printed: 8,196,160. View filing ↗
  • Columbus McKinnon Corporation, Section 10b CEO total. DEF 14A, filed 2026-06-26. CEO total compensation as printed in Columbus McKinnon Corporation's own proxy. As printed: 5,971,066. View filing ↗
  • Quanex Building Products Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-28. CEO total compensation as printed in Quanex Building Products Corporation's own proxy. As printed: 3,635,424. View filing ↗
  • Hawkins, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-18. CEO total compensation as printed in Hawkins, Inc.'s own proxy. As printed: 3,607,894. View filing ↗
  • Nwpx Infrastructure, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Nwpx Infrastructure, Inc.'s own proxy. As printed: 3,492,930. View filing ↗
  • InSteel Industries Inc., Section 10b CEO total. DEF 14A, filed 2026-01-02. CEO total compensation as printed in InSteel Industries Inc.'s own proxy. As printed: 3,447,259. View filing ↗
  • LSI Industries Inc., Section 10b CEO total. DEF 14A, filed 2026-10-09. CEO total compensation as printed in LSI Industries Inc.'s own proxy. As printed: 3,395,505. View filing ↗
  • Foster L B Co (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Foster L B Co's own proxy. As printed: 2,920,512. View filing ↗
  • Haynes International, Inc., Section 10b CEO total. DEF 14A, filed 2024-01-09. CEO total compensation as printed in Haynes International, Inc.'s own proxy. As printed: 2,610,143. View filing ↗
  • Twin Disc, Incorporated, Section 10b CEO total. DEF 14A, filed 2026-09-14. CEO total compensation as printed in Twin Disc, Incorporated's own proxy. As printed: 2,345,850. View filing ↗
  • The Gorman-Rupp Company, Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in The Gorman-Rupp Company's own proxy. As printed: 2,187,652. View filing ↗
  • Orion Group Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Orion Group Holdings, Inc.'s own proxy. As printed: 2,080,319. View filing ↗
  • Ampco-Pittsburgh Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Ampco-Pittsburgh Corporation's own proxy. As printed: 2,065,460. View filing ↗
  • Ascent Industries Co., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Ascent Industries Co.'s own proxy. As printed: 1,372,017. View filing ↗
  • Tredegar Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Tredegar Corporation's own proxy. As printed: 984,438. View filing ↗
  • Section 10a, LSI Industries Inc. reciprocity. DEF 14A. LSI Industries Inc. names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ampco-Pittsburgh Corporation reciprocity. DEF 14A. Ampco-Pittsburgh Corporation names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, InSteel Industries Inc. reciprocity. DEF 14A. InSteel Industries Inc. names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Quanex Building Products Corporation reciprocity. DEF 14A. Quanex Building Products Corporation names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, NWPX Infrastructure, Inc. reciprocity. DEF 14A. NWPX Infrastructure, Inc. names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Haynes International, Inc. reciprocity. DEF 14A. Haynes International, Inc. names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Columbus McKinnon Corporation reciprocity. DEF 14A. Columbus McKinnon Corporation names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ascent Industries Co. reciprocity. DEF 14A. Ascent Industries Co. names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, The Gorman-Rupp Company reciprocity. DEF 14A. The Gorman-Rupp Company names Foster L B Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
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