John C. Ivascu - 13 Feb 2025 Form 4 Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Role
EVP, General Counsel & CCO
Signature
John C. Ivascu
Issuer symbol
FET
Transactions as of
13 Feb 2025
Net transactions value
-$72,199
Form type
4
Filing time
07 Mar 2025, 14:47:46 UTC
Previous filing
28 Jan 2025
Next filing
19 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FET Common Stock Award $0 +3,545 +6.4% $0.000000 58,822 13 Feb 2025 Direct F1
transaction FET Common Stock Tax liability $24,060 -1,394 -2.4% $17.26 57,428 06 Mar 2025 Direct F2
transaction FET Common Stock Options Exercise $0 +7,089 +12% $0.000000 64,517 06 Mar 2025 Direct F3
transaction FET Common Stock Tax liability $48,138 -2,789 -4.3% $17.26 61,728 06 Mar 2025 Direct F4

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 Restricted Stock Units Award $0 +22,819 $0.000000 22,819 05 Mar 2025 Common Stock 22,819 Direct F5
transaction FET Performance Restricted Stock Units Award $0 +15,000 $0.000000 15,000 05 Mar 2025 Common Stock 15,000 Direct F6
transaction FET Restricted Stock Units Options Exercise $0 -7,089 -33% $0.000000 14,177 06 Mar 2025 Common Stock 7,089 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance restricted stock units granted on March 6, 2024 for which performance was certified on February 13, 2025. The performance restricted stock units subsequently vested on March 6, 2025.
F2 These shares were surrendered to satisfy the tax obligations related to the vesting of performance restricted stock units granted on March 6, 2024.
F3 Reflects the vesting of restricted stock units granted on March 6, 2024.
F4 These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units granted on March 6, 2024.
F5 Represents an award of restricted stock units (the "RSUs") granted pursuant to the Company's Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest as to 1/3 on each of the first, second and third anniversaries of March 5, 2025. The RSUs 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 RSUs 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.
F6 Represents an award of performance restricted stock units (the "PRSUs") granted pursuant to the Plan. Each PRSU represents a contingent right to receive one share of Common Stock. The PRSUs vest based on achieving a minimum stock price threshold of $21.91, which is 125% of the Company's closing stock price on March 5, 2025, for 20 consecutive trading days prior March 5, 2028.