Forum Energy Technologies (FET) EVP sells shares, receives 7,241 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FORUM ENERGY TECHNOLOGIES, INC. executive John C. Ivascu both sold common shares and received new stock-based compensation. He sold 4,392 shares of common stock in an open-market transaction at a weighted average price of $60.01 per share, with individual trades between $60.00 and $60.29, and held 81,599 common shares afterward. He was also granted 7,241 restricted stock units under the company’s 2016 Stock and Incentive Plan; each unit represents one future share of common stock and vests in three equal installments on the first, second, and third anniversaries of March 3, 2026, and carries dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,392 shares ($263,564)
Net Sell
2 txns
Insider
IVASCU JOHN C
Role
EVP, General Counsel & CCO
Sold
4,392 shs ($264K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,241 | $0.00 | -- |
| Sale | Common Stock | 4,392 | $60.01 | $264K |
Holdings After Transaction:
Restricted Stock Units — 7,241 shares (Direct);
Common Stock — 81,599 shares (Direct)
Footnotes (1)
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging between $60.00 and $60.29. The reporting person undertakes to provide to any security holder of Forum Energy Technologies, Inc. or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote. 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 3, 2026. 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.
FAQ
What insider transactions did FET executive John C. Ivascu report on this Form 4?
John C. Ivascu reported two transactions: an open-market sale of 4,392 shares of common stock and a grant of 7,241 restricted stock units. Together, these show both a reduction in directly held shares and an increase in equity-based compensation.
What restricted stock units did John C. Ivascu receive from FORUM ENERGY TECHNOLOGIES (FET)?
He received 7,241 restricted stock units under the company’s Second Amended and Restated 2016 Stock and Incentive Plan. Each unit represents a contingent right to one common share and includes dividend equivalent rights that mirror dividends paid on the underlying common stock.
How do the new restricted stock units for FET’s John C. Ivascu vest over time?
The 7,241 restricted stock units vest in three equal installments. One-third of the award vests on each of the first, second, and third anniversaries of March 3, 2026, aligning the executive’s compensation with longer-term company performance and service.
What are dividend equivalent rights on the FET restricted stock units granted to John C. Ivascu?
The restricted stock units include dividend equivalent rights that provide amounts equal to dividends paid on FET common stock. These credited dividend amounts are scheduled to be paid at the same time the underlying common shares are issued upon vesting of the restricted stock units.