Lux Neal 4

4 · FORUM ENERGY TECHNOLOGIES, INC. · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Forum Energy (FET) CEO Lux Neal Exercises Awards; Surrenders Shares

What Happened

Lux Neal, President & CEO of Forum Energy Technologies (FET), had restricted/performance equity awards vest/convert on Feb 17, 2026. A total of 157,710 shares were issued on conversion/settlement (exercise/conversion code M).
To satisfy tax withholding related to the settlement, 62,162 shares were surrendered (disposition code F) at an implicit share value of $50.59, resulting in proceeds/withholding of approximately $3,144,775.

Key Details

Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (timely within the SEC 2-business-day rule).
Shares issued on conversion/settlement: 157,710 (13,933 + 24,383 + 57,594 + 30,900 + 30,900).
Shares surrendered to cover taxes: 62,162 (5,482 + 9,699 + 22,663 + 12,159 + 12,159) at $50.59 per share; total ≈ $3,144,775.
Transaction codes: M = exercise/conversion of derivative (vest/settle of RSUs/PRSUs); F = shares surrendered to satisfy tax liability.
Footnotes: F1 = vesting of RSUs granted Feb 17, 2023; F2 = shares surrendered for taxes; F3 = settlement of previously certified performance RSUs.
Shares owned after the transaction are not shown in the provided excerpt — see the full Form 4 for total post-transaction holdings.

Context

This was not an open-market sale for cash as a routine trade signal; it reflects the vesting/settlement of equity awards and the common practice of surrendering shares to cover withholding taxes (a cashless/withholding settlement). Such filings document executive compensation events rather than an outright investment decision.

Form 4

Period: 2026-02-17

President & CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-17+13,933→ 229,661 total
Tax Payment
Common Stock
[F2]
2026-02-17$50.59/sh−5,482$277,334→ 224,179 total
Exercise/Conversion
Common Stock
[F3]
2026-02-17+24,383→ 248,562 total
Tax Payment
Common Stock
[F2]
2026-02-17$50.59/sh−9,699$490,672→ 238,863 total
Exercise/Conversion
Common Stock
[F3]
2026-02-17+57,594→ 296,457 total
Tax Payment
Common Stock
[F2]
2026-02-17$50.59/sh−22,663$1,146,521→ 273,794 total
Exercise/Conversion
Common Stock
[F3]
2026-02-17+30,900→ 304,694 total
Tax Payment
Common Stock
[F2]
2026-02-17$50.59/sh−12,159$615,124→ 292,535 total
Exercise/Conversion
Common Stock
[F3]
2026-02-17+30,900→ 323,435 total
Tax Payment
Common Stock
[F2]
2026-02-17$50.59/sh−12,159$615,124→ 311,276 total
Exercise/Conversion
Restricted Stock Units
[F1]
2026-02-17−13,933→ 0 total
→ Common Stock (13,933 underlying)
Exercise/Conversion
Performance Restricted Stock Units
[F3]
2026-02-17−24,383→ 0 total
→ Common Stock (24,383 underlying)
Exercise/Conversion
Performance Restricted Stock Units
[F3]
2026-02-17−57,594→ 0 total
→ Common Stock (57,594 underlying)
Exercise/Conversion
Performance Restricted Stock Units
[F3]
2026-02-17−30,900→ 0 total
→ Common Stock (30,900 underlying)
Exercise/Conversion
Performance Restricted Stock Units
[F3]
2026-02-17−30,900→ 0 total
→ Common Stock (30,900 underlying)

Footnotes (3)

[F1]Reflects the vesting of restricted stock units granted on February 17, 2023.
[F2]These shares were surrendered to satisfy the tax obligations related to the settlement of the associated equity award.
[F3]Reflects the settlement of previously certified performance restricted stock units.

Signature

/s/ Neal A. Lux by John C. Ivascu as Attorney-in-Fact|2026-02-19

1 file