Brookes Mark 4

What Happened
Mark Brookes, SVP of Forum Energy Technologies (FET), had restricted stock units (RSUs) vest on March 5–6, 2026, converting to 5,748 common shares (3,090 on 3/05 and 2,658 on 3/06). To satisfy tax withholding, Brookes surrendered 752 shares on 3/05 at $57.70 each (≈ $43,390) and 809 shares on 3/06 at $57.17 each (≈ $46,251), for a total tax withholding of about $89,641. Net shares retained from the vesting (5,748 − 1,561) = 4,187 shares.

Key Details

• Transaction dates and prices:
  • 2026-03-05: 3,090 RSUs vested (converted to shares); 752 shares surrendered for taxes at $57.70 ($43,390).
  • 2026-03-06: 2,658 RSUs vested; 809 shares surrendered for taxes at $57.17 ($46,251).
• Total vested: 5,748 shares. Total surrendered for taxes: 1,561 shares (~$89,641). Net shares retained: 4,187.
• Footnotes:
  • F1: 3/05 vested RSUs were granted March 5, 2025.
  • F3: 3/06 vested RSUs were granted March 6, 2024.
  • F2: Shares were surrendered to satisfy tax obligations related to the settlement of the equity awards.
• Filing timing: Form 4 was filed on 2026-03-09. Based on transaction dates (3/05 and 3/06), this filing appears to be timely (within the SEC’s two-business-day window for reporting).

Context
This was a routine equity award settlement and tax-withholding event, not an open-market purchase or sale of additional shares. The transactions reflect RSU vesting and a cashless-like settlement where some vested shares are withheld/surrendered to cover taxes — common practice that does not, by itself, indicate a change in insider sentiment.