Keller Katherine Campbell 4

What Happened

• Katherine Campbell Keller, VP & Chief Accounting Officer of Forum Energy Technologies (FET), had performance-based equity awards settle on Feb 17, 2026. The filing shows multiple exercise/conversion (code M) entries for 2,616-share awards (zero exercise price, indicating conversion/settlement rather than a cash option exercise).
• To satisfy tax withholding obligations, Keller surrendered a total of 2,216 shares (1,168 shares and 1,048 shares) at $50.59 per share, generating proceeds/withholding value of $59,089 and $53,018, respectively — $112,107 combined. The surrender is recorded under code F (tax withholding).

Key Details

• Transaction date: 2026-02-17; Filing date: 2026-02-19 (timely).
• Exercise/Conversion entries: 2,616-share derivative settlements recorded (code M) at $0.00 per share (reflects conversion/settlement of awards).
• Shares surrendered for tax withholding: 1,168 shares and 1,048 shares at $50.59 each; total withholding value $112,107.
• Footnotes: F1 — settlement of previously certified performance restricted stock units (PRSUs). F2 — shares were surrendered to satisfy tax obligations related to the award settlement.
• Shares owned after the transactions are not specified in the provided filing extract.

Context

• This was a settlement of performance-based equity (PRSUs) and a routine "sell-to-cover" / share surrender to meet tax withholding — common for equity award settlements and not an open-market sale signal.
• Code meanings here: M indicates exercise/conversion of a derivative award; F indicates shares surrendered to satisfy tax withholding.