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Forum Energy (NYSE: FET) director receives 2,556-share restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RASPINO LOUIS

(Last) (First) (Middle)
10344 SAM HOUSTON PARK DRIVE
SUITE 300

(Street)
HOUSTON TX 77064

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FORUM ENERGY TECHNOLOGIES, INC. [ FET ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/03/2026 A 2,556(1) A $0 27,234 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
/s/ Louis A. Raspino by John C. Ivascu as Attorney-in- Fact 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did FET director Louis Raspino report?

Louis Raspino reported receiving a grant of 2,556 shares of restricted common stock. The award came under Forum Energy Technologies’ 2016 Second Amended and Restated Stock and Incentive Plan as equity compensation rather than a market purchase, increasing his direct share holdings.

What type of shares were granted to the FET director in this Form 4?

The transaction involves restricted shares of common stock awarded to the director. These restricted shares are subject to transferability and other conditions, and are structured as equity compensation, not an open-market buy or sell of Forum Energy Technologies, Inc. stock.

When do the restricted FET shares granted to Louis Raspino vest?

The restricted stock award vests in full on the one-year anniversary of the grant date. This means all 2,556 shares become fully vested together after one year, assuming continued service and other plan conditions are satisfied under the company’s stock and incentive plan.

Can the FET restricted stock granted to the director vest earlier than one year?

Yes. The award provides for accelerated vesting of the entire restricted stock grant upon a Change in Control, as defined in the company’s plan. If such an event occurs before the one-year anniversary, all 2,556 restricted shares would vest earlier under those terms.

Do the restricted FET shares carry dividend and voting rights before vesting?

Yes. The restricted stock agreement includes dividend and voting rights for the granted shares. Even while subject to vesting and transfer restrictions, the director can vote the shares and receive any dividends declared, consistent with the terms of the plan and award agreement.

How many FET shares does Louis Raspino hold after this restricted stock grant?

After the grant, Louis Raspino directly holds 27,234 shares of Forum Energy Technologies common stock. This total includes the newly awarded 2,556 restricted shares and reflects his direct ownership position following the reported equity compensation transaction.
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