FET EVP sells 4,392 shares, granted 7,241 RSUs
FORUM ENERGY TECHNOLOGIES, INC. executive John C. Ivascu both sold common shares and received new stock-based compensation.
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.
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- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,241 | $0.00 | $0.00 |
| Sale | Common Stock | 4,392 | $60.01 | $264K |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider transactions did FET executive John C. Ivascu report on this Form 4?
What restricted stock units did John C. Ivascu receive from FORUM ENERGY TECHNOLOGIES (FET)?
How do the new restricted stock units for FET’s John C. Ivascu vest over time?
What are dividend equivalent rights on the FET restricted stock units granted to John C. Ivascu?
AI-generated analysis. How Rhea-AI works. Not financial advice.