Forum Energy (FET) SVP Mark Brookes Exercises RSUs, Sells to Cover

What Happened
Mark Brookes, Senior Vice President of Forum Energy Technologies (FET), had restricted and performance-based stock units settle into common shares on February 17, 2026. A total of 14,461 shares were issued upon settlement (exercise/conversion of derivatives reported at $0.00 exercise price). To satisfy tax withholding obligations, 3,673 of those shares were surrendered at a reported per-share withholding value of $50.59, generating $185,818 in tax withholding. The net shares retained by Brookes after the sell-to-cover were 10,788.

Key Details

• Transaction date: February 17, 2026. Filing date: February 19, 2026 (timely).
• Instruments and codes: M = exercise/conversion of derivative (RSU/PSU settlement at $0.00); F = shares surrendered to satisfy tax withholding (sell-to-cover) at $50.59 per share.
• Shares issued on settlement (acquired): 1,078 + 1,887 + 5,316 + 3,090 + 3,090 = 14,461 shares.
• Shares surrendered for taxes (disposed): 262 + 559 + 1,348 + 752 + 752 = 3,673 shares; total withheld value ≈ $185,818.
• Net shares retained after withholding: 10,788 shares.
• Footnotes: F1 = vesting of RSUs granted Feb 17, 2023; F2 = shares surrendered to satisfy tax obligations (sell-to-cover); F3 = settlement of previously certified performance RSUs.
• Shares owned after the transaction are not specified in the provided excerpt.

Context
This was not an open-market sale of shares for investment reasons but a common “sell-to-cover” tax withholding when equity awards vest/settle. The $0.00 exercise price and footnotes indicate settled RSUs/PSUs rather than option purchases. These kinds of filings are routine when awards vest and do not, by themselves, signal insider buying or selling intent.