Forum Energy director awarded stock units
Forum Energy Technologies director John A. Carrig received an equity award in the form of restricted stock units.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,556 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an award of restricted stock units under the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan (the "Plan"). Each restricted stock unit is subject to transferability and other restrictions that lapse upon vesting of the restricted stock unit. The restricted stock unit award vests in full on the one-year anniversary of the date of grant, subject to accelerated vesting of the entire award (as defined in the Plan). The restricted stock unit agreement also includes dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of common stock underlying the restricted stock units actually outstanding at the time such dividends were issued.
FAQ
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What did John A. Carrig report in this Form 4 for FET?
Is the Form 4 transaction for FET a stock purchase or a grant?
When do John A. Carrig’s restricted stock units in FET vest?
Do the FET restricted stock units include dividend rights for John A. Carrig?
AI-generated analysis. How Rhea-AI works. Not financial advice.