Brookes Mark 4
4 · FORUM ENERGY TECHNOLOGIES, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-17+1,078→ 12,837 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−262$13,255→ 12,575 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+1,887→ 14,462 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−559$28,280→ 13,903 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+5,316→ 19,219 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−1,348$68,195→ 17,871 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+3,090→ 20,961 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−752$38,044→ 20,209 total - Exercise/Conversion
Common Stock
[F3]2026-02-17+3,090→ 23,299 total - Tax Payment
Common Stock
[F2]2026-02-17$50.59/sh−752$38,044→ 22,547 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.