Pounds Steven 4
4 · FORUM ENERGY TECHNOLOGIES, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Forum Energy (FET) SVP Steven Pounds Receives 14,461 Shares
What Happened
Steven Pounds, Senior Vice President of Operations at Forum Energy Technologies (FET), had equity awards settle on Feb 17, 2026: 14,461 shares were issued upon conversion/settlement of restricted/performance stock units (derivative transactions, code M) at $0.00 exercise price. To cover tax withholding, 5,842 of those shares were surrendered (code F) at $50.59 per share, equal to about $295,547 in value. The vesting/settlement reflects RSUs granted Feb 17, 2023 and previously certified PRSUs (see footnotes).
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (appears timely).
- Shares issued/converted (M): 14,461 shares at $0.00 (total acquisition value $0).
- Shares surrendered for tax withholding (F): 5,842 shares at $50.59 = ~$295,547.
- Footnotes: F1 = vesting of RSUs (granted 2/17/2023); F2 = shares surrendered to satisfy tax obligations; F3 = settlement of previously certified PRSUs.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- These were not open-market purchases or sales; they reflect vesting/settlement of equity awards with a net-share (surrender) to cover taxes (a common, routine practice).
- Transaction codes: M = exercise/conversion of a derivative (here, RSU/PRSU settlement); F = payment of exercise price or tax liability (share surrender).
- Such filings indicate compensation realization rather than a directional trade by the insider; they don’t necessarily signal a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-17+1,078→ 10,356 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−424$21,450→ 9,932 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+1,887→ 11,819 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−842$42,597→ 10,977 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+5,316→ 16,293 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−2,146$108,566→ 14,147 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+3,090→ 17,237 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−1,215$61,467→ 16,022 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+3,090→ 19,112 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−1,215$61,467→ 17,897 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-17−1,078→ 0 total→ Common Stock (1,078 underlying) - Exercise/Conversion
Performance Restricted Stock Units
[F3]2026-02-17−1,887→ 0 total→ Common Stock (1,887 underlying) - Exercise/Conversion
Performance Restricted Stock Units
[F3]2026-02-17−5,316→ 0 total→ Common Stock (5,316 underlying) - Exercise/Conversion
Performance Restricted Stock Units
[F3]2026-02-17−3,090→ 0 total→ Common Stock (3,090 underlying) - Exercise/Conversion
Performance Restricted Stock Units
[F3]2026-02-17−3,090→ 0 total→ Common Stock (3,090 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.