Energy Technologies (FET) EVP awarded performance stock units tied to TSR

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Energy Technologies, Inc. executive John C. Ivascu, EVP, General Counsel & CCO, reported multiple performance restricted stock unit (PRSU) acquisitions on February 12, 2026. These derivative awards were recorded at a price of $0 per unit and are held directly.

The Form 4 shows separate PRSU entries for 6,900, 14,176, 7,608, and 7,608 units, each convertible into the same number of common shares. Footnotes explain that these PRSUs were originally granted in 2023 and 2024 and vested based on the company’s total shareholder return versus peers and on free cash flow, as certified on February 12, 2026.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider IVASCU JOHN C

Role EVP, General Counsel & CCO

Type	Security	Shares	Price	Value
Grant/Award	Performance Restricted Stock Units	6,900	$0.00	--
Grant/Award	Performance Restricted Stock Units	14,176	$0.00	--
Grant/Award	Performance Restricted Stock Units	7,608	$0.00	--
Grant/Award	Performance Restricted Stock Units	7,608	$0.00	--

Holdings After Transaction: Performance Restricted Stock Units — 6,900 shares (Direct)

Footnotes (1)

Represents performance restricted stock units ("PRSUs") granted on February 17, 2023 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026. Represents PRSUs granted on March 6, 2024 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026. Represents PRSUs granted on March 5, 2025 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026. Represents PRSUs granted on March 5, 2025 that vested based upon the Company's free cash flow, as certified on February 12, 2026.

Form 4 Insider Transactions: What Each Field Means →

02/17/2026 - 03:55 PM

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
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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^*

IVASCU JOHN C

(Last)

(First)

(Middle)

10344 SAM HOUSTON PARK DRIVE

SUITE 300

(Street)

HOUSTON

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, General Counsel & CCO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Restricted Stock Units	⁽¹⁾	02/12/2026		A		6,900		⁽¹⁾	⁽¹⁾	Common Stock	6,900	$0	6,900⁽¹⁾	D
Performance Restricted Stock Units	⁽²⁾	02/12/2026		A		14,176		⁽²⁾	⁽²⁾	Common Stock	14,176	$0	14,176⁽²⁾	D
Performance Restricted Stock Units	⁽³⁾	02/12/2026		A		7,608		⁽³⁾	⁽³⁾	Common Stock	7,608	$0	7,608⁽³⁾	D
Performance Restricted Stock Units	⁽⁴⁾	02/12/2026		A		7,608		⁽⁴⁾	⁽⁴⁾	Common Stock	7,608	$0	7,608⁽⁴⁾	D

Explanation of Responses:

1. Represents performance restricted stock units ("PRSUs") granted on February 17, 2023 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026.

2. Represents PRSUs granted on March 6, 2024 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026.

3. Represents PRSUs granted on March 5, 2025 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026.

4. Represents PRSUs granted on March 5, 2025 that vested based upon the Company's free cash flow, as certified on February 12, 2026.

Remarks:

	John C. Ivascu	02/17/2026
	** 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.
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Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Energy Technologies (FET) report on this Form 4?

The filing reports that EVP, General Counsel & CCO John C. Ivascu acquired several blocks of performance restricted stock units on February 12, 2026 at $0 per unit, each tied to an equivalent number of Energy Technologies common shares upon vesting.

How many performance restricted stock units did John C. Ivascu receive from Energy Technologies?

John C. Ivascu reported four PRSU acquisitions: 6,900 units, 14,176 units, 7,608 units, and another 7,608 units. Each performance restricted stock unit corresponds to one share of Energy Technologies common stock when the award conditions are satisfied.

What performance goals determined vesting of the Energy Technologies PRSUs for John C. Ivascu?

The PRSUs vested based on two types of performance measures: total shareholder return compared to a peer group, and the company’s free cash flow. These results were certified as achieved on February 12, 2026, triggering the vesting reflected in this Form 4.

On what dates were the Energy Technologies PRSU awards originally granted to John C. Ivascu?

Footnotes state that the PRSUs were granted on February 17, 2023, March 6, 2024, and March 5, 2025. Each grant later vested when total shareholder return versus peers or free cash flow goals were certified as met on February 12, 2026.

Does the Energy Technologies Form 4 indicate any cash paid by John C. Ivascu for these PRSUs?

No cash payment is shown for these awards. Each performance restricted stock unit entry lists a transaction price per unit of $0, indicating these are equity incentive awards rather than open-market purchases of Energy Technologies common stock.

How are the vested PRSUs held by John C. Ivascu in Energy Technologies?

The transactions are reported as derivative securities held with direct ownership. The Form 4 indicates ownership type as “D,” meaning the vested performance restricted stock units are attributed directly to John C. Ivascu, not through an indirect entity or trust.