Schmitt Tylar K. 4
4 · FORUM ENERGY TECHNOLOGIES, INC. · Filed Feb 21, 2018
Insider Transaction Report
Form 4
Schmitt Tylar K.
Corporate Controller
Transactions
- Award
Common Stock
2018-02-16+13,334→ 68,790 total - Tax Payment
Common Stock
2018-02-19$12.00/sh−947$11,364→ 67,843 total - Tax Payment
Common Stock
2018-02-20$11.55/sh−590$6,815→ 67,253 total
Footnotes (2)
- [F1]Represents an award of restricted stock units (the "Units") granted pursuant to the Forum Energy Technologies, Inc. 2016 Stock and Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive one share of Forum Energy Technologies, Inc. (the "Company") common stock, par value $0.01 per share ("Common Stock"), upon the vesting of the Units. The Units vest according to the following schedule: 1/4 vest on each of the first, second, third and fourth anniversaries of the date of grant (2/16/2018). The Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the Units actually outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person.
- [F2]These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock unit awards granted on February 19, 2016 and February 20, 2017.