John C. Ivascu - Feb 17, 2023 Form 4 Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Signature
John C. Ivascu
Stock symbol
FET
Transactions as of
Feb 17, 2023
Transactions value $
-$428,761
Form type
4
Date filed
2/22/2023, 04:02 PM
Previous filing
Aug 16, 2022
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FET Common Stock Options Exercise $0 +5.72K +14.37% $0.00 45.5K Feb 18, 2023 Direct F1
transaction FET Common Stock Tax liability -$77.4K -2.44K -5.36% $31.70 43.1K Feb 18, 2023 Direct F2
transaction FET Common Stock Options Exercise $0 +5.72K +13.27% $0.00 48.8K Feb 18, 2023 Direct F3
transaction FET Common Stock Tax liability -$71.3K -2.25K -4.61% $31.70 46.6K Feb 18, 2023 Direct F4
transaction FET Common Stock Options Exercise $0 +5.32K +11.43% $0.00 51.9K Feb 19, 2023 Direct F5
transaction FET Common Stock Options Exercise -$169K -5.32K -10.26% $31.70 46.6K Feb 19, 2023 Direct F5
transaction FET Common Stock Tax liability -$66.3K -2.09K -4.5% $31.70 44.5K Feb 19, 2023 Direct F6
transaction FET Common Stock Tax liability -$45K -1.42K -3.18% $31.78 43.1K Feb 21, 2023 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FET Phantom Restricted Stock Units Award $0 +11.8K $0.00 11.8K Feb 17, 2023 Common Stock 11.8K Direct F8
transaction FET Phantom Restricted Stock Units Options Exercise $0 -5.72K -33.33% $0.00 11.4K Feb 18, 2023 Common Stock 5.72K Direct F1
transaction FET Performance Restricted Stock Units Options Exercise $0 -5.72K -33.33% $0.00 11.4K Feb 18, 2023 Common Stock 5.72K Direct F3
transaction FET Phantom Restricted Stock Units Options Exercise $0 -5.32K -50% $0.00 5.32K Feb 19, 2023 Common Stock 5.32K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the vesting of restricted stock units granted on February 18, 2022.
F2 These shares were surrendered to satisfy the tax obligations related to the vesting of a phantom restricted stock unit award granted on February 18, 2022.
F3 Reflects the vesting of performance restricted stock units granted on February 18, 2022.
F4 These shares were surrendered to satisfy the tax obligations related to the vesting of performance restricted stock units granted on February 18, 2022.
F5 Reflects the vesting and cash settlement of phantom stock units granted on February 19, 2021.
F6 These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 19, 2021.
F7 These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 21, 2020.
F8 Represents an award of restricted stock units (the "Units") granted pursuant to the Company's Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive one share of Common Stock, or cash in lieu thereof, upon the vesting of the Units. The Units vest according to the following schedule: 1/3 vest on each of the first, second, and third anniversaries of the date of grant (2/17/2023). The Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the Units actually outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person.