Forum Energy (NYSE: FET) director receives 2,556-share restricted stock grant
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RASPINO LOUIS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,556 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,234 shares (Direct)
Footnotes (1)
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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.
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.