Williams David Lyle Jr. 4

What Happened

• David L. Williams, EVP and CFO of Forum Energy Technologies (FET), had restricted/performance awards settle on February 17, 2026. A total of 66,554 shares were acquired through the conversion/settlement of derivative awards (reported as code M). To satisfy tax withholding obligations (code F), 26,322 of those shares were surrendered at $50.59 per share, reducing the net new shares and resulting in approximately $1,331,630 withheld for taxes. The acquired awards reflect vested restricted stock units and settled performance restricted stock units.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely).
• Acquired (exercise/conversion of awards): 66,554 shares (reported at $0.00 acquisition price because these were vested/settled awards).
• Surrendered for tax withholding: 26,322 shares at $50.59 each, total value withheld ≈ $1,331,630.
• Footnotes: F1 = vesting of restricted stock units granted 2/17/2023; F2 = shares surrendered to satisfy tax obligations; F3 = settlement of previously certified performance RSUs.
• Some derivative-line entries show $0 disposals reflecting conversion/cancellation of derivative interests into common shares (administrative reporting of the settlement).
• Shares owned after the transaction are not specified in the provided data.

Context

• This was not an open-market sale but a routine settlement/vesting event where award shares vested and a portion was surrendered to cover required tax withholdings (common practice with RSU/PRSU settlements). Such tax-withholding share surrenders are administrative and do not necessarily indicate a discretionary sale by the insider.