Mark Brookes - 16 Feb 2024 Form 3 Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Role
SVP
Signature
/s/ Mark Brookes by John C. Ivascu as Attorney-in-Fact
Issuer symbol
FET
Transactions as of
16 Feb 2024
Net transactions value
$0
Form type
3
Filing time
20 Feb 2024, 14:47:47 UTC
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FET Common Stock 1,410 16 Feb 2024 Direct

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
holding FET Phantom Restricted Stock Units 16 Feb 2024 Common Stock 3,234 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.

Remarks:

Exhibit 24.1 Power of Attorney