Forum Energy director granted 2,556 restricted shares
RASPINO LOUIS reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
RASPINO LOUIS reported acquisition or exercise transactions in this Form 4 filing.
Forum Energy Technologies director Louis Raspino received 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 vest in full one year after the grant date, with potential accelerated vesting upon a Change in Control, and carry dividend and voting rights.
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.
FAQ
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What insider transaction did FET director Louis Raspino report?
Can the FET restricted stock granted to the director vest earlier than one year?
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