IVASCU JOHN C 4

What Happened

• John C. Ivascu, EVP, General Counsel & Chief Compliance Officer of Forum Energy Technologies (FET), had equity awards settle on Feb 17, 2026. A total of 40,235 shares were issued on conversion/settlement of restricted stock units and performance restricted stock units (derivative transactions).
• To cover tax withholding, 15,972 of those shares were surrendered at $50.59 per share, resulting in roughly $808,024 applied to tax obligations. The remaining net shares retained from the settlement equal 24,263 (40,235 settled − 15,972 withheld).
• These were not open-market purchases or sales for investment purposes but routine award settlement and tax withholding.

Key Details

• Transaction date: Feb 17, 2026; Form 4 filed Feb 19, 2026 (timely filing).
• Price for withheld/surrendered shares: $50.59 per share; total value surrendered ≈ $808,024.
• Shares settled/issued: 40,235 (multiple derivative conversions/settlements). Shares surrendered for taxes: 15,972. Net shares retained: 24,263.
• Footnotes in the filing: F1 = vesting of RSUs granted Feb 17, 2023; F2 = shares surrendered to satisfy tax obligations; F3 = settlement of previously certified performance RSUs.
• Filing did not state total shares beneficially owned after the transactions (not disclosed in the provided summary).

Context

• These transactions reflect equity award vesting/settlement and standard share-withholding to satisfy tax liabilities (often called a cashless/net-settlement). They are routine and do not necessarily signal a change in insider sentiment.
• For retail investors: award settlements (acquisitions via vesting) indicate compensation converted into stock; the withholding of shares to cover taxes is common and not an open-market sale.