Forum Energy Technologies (FET) director awarded 2,556 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forum Energy Technologies director John A. Carrig received an equity award in the form of restricted stock units. On the grant date, he acquired 2,556 RSUs of common stock at no cost under the company’s 2016 Second Amended and Restated Stock and Incentive Plan.
The RSUs vest in full on the one-year anniversary of the grant date, with potential accelerated vesting as defined in the plan. The award includes dividend equivalent rights, meaning he will receive the same dividends as if the underlying shares were outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CARRIG JOHN A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,556 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 24,975 shares (Direct)
Footnotes (1)
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FAQ
What did John A. Carrig report in this Form 4 for FET?
John A. Carrig reported receiving an equity award of 2,556 restricted stock units of Forum Energy Technologies common stock. These units were granted under the company’s 2016 Second Amended and Restated Stock and Incentive Plan at no cash cost to him.
Is the Form 4 transaction for FET a stock purchase or a grant?
The Form 4 transaction is a grant of restricted stock units, not an open-market stock purchase. The transaction code "A" indicates a grant, award, or other acquisition, delivered at a price of $0.00 per unit under the company’s stock and incentive plan.
When do John A. Carrig’s restricted stock units in FET vest?
The restricted stock units vest in full on the one-year anniversary of the grant date. The plan also allows for accelerated vesting of the entire award under certain circumstances defined in the plan, which could cause vesting earlier than the standard one-year schedule.
Do the FET restricted stock units include dividend rights for John A. Carrig?
Yes, the restricted stock units include dividend equivalent rights. These entitle John A. Carrig to receive the same dividends that would be paid if the underlying shares of Forum Energy Technologies common stock were actually outstanding at the time any dividends are issued.