Williams David Lyle Jr. 4

What Happened
David L. Williams, EVP & CFO of Forum Energy Technologies (FET), had restricted stock units (RSUs) vest on March 5–6, 2026. A total of 23,879 RSU shares vested (12,360 on Mar 5 and 11,519 on Mar 6). To satisfy tax withholding, he surrendered 4,863 shares on Mar 5 at $57.70 (≈ $280,595) and 4,532 shares on Mar 6 at $57.17 (≈ $259,094). After withholding, Williams netted approximately 14,484 newly issued shares. The surrendered shares were used to cover tax obligations (routine withholding), not an open-market sale.

Key Details

• Transaction dates: March 5, 2026 and March 6, 2026.
• Vesting/Conversion: 12,360 shares (Mar 5) and 11,519 shares (Mar 6) converted from RSUs (transaction code M).
• Tax withholding: 4,863 shares at $57.70 (Disposed, code F) = $280,595; 4,532 shares at $57.17 (Disposed, code F) = $259,094. Total withheld ≈ $539,689.
• Net shares retained: 23,879 vested − 9,395 withheld = 14,484 net shares added to his holdings.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes from the filing: F1 = vesting of RSUs granted Mar 5, 2025; F3 = vesting of RSUs granted Mar 6, 2024; F2 = shares surrendered to satisfy tax obligations.
• Filing timeliness: Form 4 filed Mar 9, 2026 for Mar 5–6 transactions — filed within required reporting window (timely).

Context

• These entries reflect RSU vesting and routine tax-withholding (a common practice where shares are surrendered to cover withholding taxes), not an open-market sale for personal cash.
• Transaction codes: M = conversion/exercise of a derivative (here, RSU conversion to shares); F = shares withheld/surrendered to satisfy tax liabilities.
• For retail investors: vesting + withholding is a normal executive compensation event and does not by itself indicate a change in the insider’s view of the company.