Forum Energy Technologies (FET) director granted 2,556 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
MCSHANE MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,556 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,024 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Forum Energy Technologies (FET) report?
Forum Energy Technologies reported a director receiving 2,556 restricted common shares. The award was granted under the company’s 2016 Second Amended and Restated Stock and Incentive Plan and increases the director’s direct holdings to 30,024 common shares after the transaction.
Who received the restricted stock award at Forum Energy Technologies (FET)?
Director Michael McShane received the restricted stock award. He was granted 2,556 shares of restricted common stock, which increased his directly owned position to 30,024 shares following the award, according to the reported Form 4 insider transaction details.