4//SEC Filing
Lux Neal 4
Accession 0001401257-25-000027
CIK 0001401257other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 2:46 PM ET
Size
17.2 KB
Accession
0001401257-25-000027
Insider Transaction Report
Form 4
Lux Neal
President & CEO
Transactions
- Exercise/Conversion
Common Stock
2025-03-06+28,797→ 214,452 total - Tax Payment
Common Stock
2025-03-06$17.26/sh−11,331$195,573→ 203,121 total - Award
Performance Restricted Stock Units
2025-03-05+50,000→ 50,000 total→ Common Stock (50,000 underlying) - Award
Common Stock
2025-02-13+14,399→ 191,321 total - Tax Payment
Common Stock
2025-03-06$17.26/sh−5,666$97,795→ 185,655 total - Exercise/Conversion
Restricted Stock Units
2025-03-06−28,797→ 57,594 total→ Common Stock (28,797 underlying) - Award
Restricted Stock Units
2025-03-05+92,699→ 92,699 total→ Common Stock (92,699 underlying)
Footnotes (7)
- [F1]Reflects performance restricted stock units granted on March 6, 2024 for which performance was certified on February 13, 2025. The performance restricted stock units subsequently vested on March 6, 2025.
- [F2]These shares were surrendered to satisfy the tax obligations related to the vesting of performance restricted stock units granted on March 6, 2024.
- [F3]Reflects the vesting of restricted stock units granted on March 6, 2024.
- [F4]These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units granted on March 6, 2024.
- [F5]Represents an award of restricted stock units (the "RSUs") granted pursuant to the Company's Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest as to 1/3 on each of the first, second and third anniversaries of March 5, 2025. The RSUs 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 RSUs 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.
- [F6]Represents an award of performance restricted stock units (the "PRSUs") granted pursuant to the Plan. Each PRSU represents a contingent right to receive one share of Common Stock. The PRSUs vest based on achieving a minimum stock price threshold of $21.91, which is 125% of the Company's closing stock price on March 5, 2025, for 20 consecutive trading days prior March 5, 2028.
- [F7]The number of shares of common stock has been adjusted to correct an inadvertent administrative error.
Documents
Issuer
FORUM ENERGY TECHNOLOGIES, INC.
CIK 0001401257
Entity typeother
Related Parties
1- filerCIK 0001812312
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 2:46 PM ET
- Size
- 17.2 KB