Lux Neal 4

What Happened

• Neal Lux, President & CEO of Forum Energy Technologies (FET), had restricted stock units (RSUs) settle on March 5 and March 6, 2026. The RSU settlements resulted in the acquisition of 30,900 shares (Mar 5) and 28,797 shares (Mar 6) at $0.00 (total acquired = 59,697 shares).
• To satisfy tax withholding obligations related to those awards, Lux surrendered 12,159 shares on Mar 5 at $57.70 ($701,574) and 11,331 shares on Mar 6 at $57.17 ($647,793), for total surrendered value of $1,349,367.
• These transactions are recorded as derivative exercises/conversions (code M) for the RSU settlement and withholding (code F) for the shares surrendered to cover taxes.

Key Details

• Transaction dates: March 5, 2026 and March 6, 2026; Form 4 filed March 9, 2026 (filing appears timely).
• Acquired via settlement: 30,900 shares (Mar 5) and 28,797 shares (Mar 6) at $0.00.
• Surrendered for taxes: 12,159 shares @ $57.70 (Mar 5) = $701,574; 11,331 shares @ $57.17 (Mar 6) = $647,793; total surrendered = 23,490 shares (~$1.35M).
• Shares owned after the transactions: not specified in the provided filing details.
• Footnotes: F1 = vesting of RSUs granted Mar 5, 2025; F3 = vesting of RSUs granted Mar 6, 2024; F2 = shares surrendered to satisfy tax obligations.

Context

• These were RSU settlements with shares withheld/surrendered to satisfy tax withholding — a routine administrative step (cashless settlement/withholding), not an open-market purchase or directional sale of remaining shares.
• Transaction codes: M = exercise/conversion of derivative (here, RSU settlement to common shares); F = payment of exercise price or tax liability (here, shares surrendered for taxes).
• Such tax withholding transactions are common following vesting and do not necessarily indicate the insider’s broader view on the company’s stock.