Neal Lux - Feb 13, 2025 Form 4 Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Signature
/s/ Neal A. Lux by John C. Ivascu as Attorney-in-Fact
Stock symbol
FET
Transactions as of
Feb 13, 2025
Transactions value $
-$293,368
Form type
4
Date filed
3/7/2025, 02:46 PM
Previous filing
Aug 16, 2024
Next filing
Feb 19, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FET Common Stock Award $0 +14.4K +8.14% $0.00 191K Feb 13, 2025 Direct F1
transaction FET Common Stock Tax liability -$97.8K -5.67K -2.96% $17.26 186K Mar 6, 2025 Direct F2
transaction FET Common Stock Options Exercise $0 +28.8K +15.51% $0.00 214K Mar 6, 2025 Direct F3
transaction FET Common Stock Tax liability -$196K -11.3K -5.28% $17.26 203K Mar 6, 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 +92.7K $0.00 92.7K Mar 5, 2025 Common Stock 92.7K Direct F5
transaction FET Performance Restricted Stock Units Award $0 +50K $0.00 50K Mar 5, 2025 Common Stock 50K Direct F6
transaction FET Restricted Stock Units Options Exercise $0 -28.8K -33.33% $0.00 57.6K Mar 6, 2025 Common Stock 28.8K Direct F3, F7
* 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.
F7 The number of shares of common stock has been adjusted to correct an inadvertent administrative error.