Danford Michael Dewayne 4

What Happened
Danford Michael Dewayne, Senior Vice President & Chief Human Resources Officer of Forum Energy Technologies (FET), had restricted stock units and performance RSUs settle on February 17, 2026. A total of 20,479 shares were delivered upon conversion/settlement (exercise/conversion entries showing $0 exercise price). To satisfy tax withholding obligations, 8,208 of those shares were surrendered at $50.59 per share, totaling approximately $415,244. These were not open-market sales but share withholding to cover taxes—routine for equity settlements.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (timely within the usual two-business-day window).
• Shares acquired via conversion/settlement (M): 20,479 shares (exercise/conversion price reported as $0).
• Shares surrendered for tax withholding (F): 8,208 shares at $50.59 each, totaling about $415,244.
• Footnotes: F1 — vesting of RSUs granted Feb 17, 2023; F2 — shares surrendered to satisfy tax obligations; F3 — settlement of previously certified performance RSUs.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context
These transactions reflect the vesting/settlement of restricted and performance-based equity awards, not a discretionary open-market sale. In practice, companies and insiders commonly withhold or surrender shares to cover required taxes when awards vest; this is a routine administrative step and not necessarily an indication of the insider's view on the stock. Transaction codes: M = exercise/conversion of derivative (here, RSU/PRSUs converting to shares), F = shares withheld/surrendered for tax withholding.