22NW Fund, LP Significantly Reduces Stake in L.B. Foster Company to 5.6%

On April 14, 2026, 22NW Fund, LP and its affiliates filed Amendment No. 6 to their Schedule 13D regarding L.B. Foster Company (FSTR). The filing reports a significant reduction in the group's ownership position. Specifically, 22NW Fund, LP sold a total of 415,443 shares through several open-market transactions between April 7 and April 14, 2026, at prices ranging from $30.007 to $30.08 per share. Following these transactions, 22NW Fund, LP directly beneficially owns 588,674 shares, representing approximately 5.6% of the company's outstanding common stock. This is a decrease from the 9.7% ownership stake previously reported. Aron R. English, the portfolio manager of 22NW, maintains an aggregate beneficial ownership of 589,579 shares (5.6%) when including his personal holdings. The shares were sold to adjust the reporting persons' investment in the issuer. The filings indicate that the remaining shares were originally purchased using working capital and personal funds.