Forum Energy director receives 2,556 restricted shares
MCSHANE MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
MCSHANE MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Forum Energy Technologies director Michael McShane reported receiving a grant of 2,556 shares of restricted common stock under the company’s 2016 Second Amended and Restated Stock and Incentive Plan. These shares carry dividend and voting rights but are subject to transfer and other restrictions that lapse when the award vests in full one year after the grant date, with potential accelerated vesting upon a Change in Control as defined in the plan. Following this award, McShane directly owns 30,024 shares of Forum Energy Technologies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,556 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an award of restricted stock under the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan (the "Plan"). Each share of restricted stock, par value $0.01 per share, is subject to transferability and other restrictions that lapse upon vesting of the restricted stock. The restricted stock award vests in full on the one year anniversary of the date of grant, subject to accelerated vesting of the entire award upon a Change in Control (as defined in the Plan). The restricted stock agreement also includes dividend and voting rights.
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