FET executive reports vesting of performance stock units

Energy Technologies, Inc. senior vice president and chief human resources officer Michael Dewayne Danford reported multiple performance-based equity awards vesting.

Rhea-AI Filing Summary

Energy Technologies, Inc. senior vice president and chief human resources officer Michael Dewayne Danford reported multiple performance-based equity awards vesting. On February 12, 2026, he acquired four blocks of performance restricted stock units (PRSUs) at a price of $0 per unit, all held directly.

The awards cover 3,680, 7,088, 3,804, and 3,804 PRSUs, each convertible into the same number of shares of common stock. Footnotes explain these PRSUs were originally granted between February 2023 and March 2025 and vested only after certification that company performance targets were met, based on total shareholder return versus peers or free cash flow.

Insider Trade Summary

Grant/Award: 18,376 shares

Grant/Award 4 txns

Insider Danford Michael Dewayne

Role SVP & CHO

Type	Security	Shares	Price	Value
Grant/Award	Performance Restricted Stock Units	3,680	$0.00	$0.00
Grant/Award	Performance Restricted Stock Units	7,088	$0.00	$0.00
Grant/Award	Performance Restricted Stock Units	3,804	$0.00	$0.00
Grant/Award	Performance Restricted Stock Units	3,804	$0.00	$0.00

Holdings After Transaction: Performance Restricted Stock Units — 18,376 contracts (Direct)

Footnotes (4)

1. F1. 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. F2. 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. F3. 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. F4. Represents PRSUs granted on March 5, 2025 that vested based upon the Company's free cash flow, as certified on February 12, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FET disclose for Michael Dewayne Danford?

Energy Technologies, Inc. disclosed that executive Michael Dewayne Danford acquired several blocks of performance restricted stock units on February 12, 2026. These derivative awards vested at a price of $0 per unit and are held directly as part of his performance-based compensation.

How many performance restricted stock units did FET’s executive acquire in this Form 4?

The filing shows four separate acquisitions: 3,680, 7,088, 3,804, and 3,804 performance restricted stock units. Each PRSU corresponds to one share of Energy Technologies, Inc. common stock upon settlement, reflecting multiple performance-based equity awards vesting for the executive.

What performance metrics determined vesting of FET’s reported PRSUs?

The PRSUs vested based on company performance. Several awards were tied to Energy Technologies, Inc.’s total shareholder return compared to a peer group, while another depended on the company’s free cash flow, all certified on February 12, 2026 before vesting was recognized.

Who is the reporting person in FET’s Form 4 and what is their role?

The reporting person is Michael Dewayne Danford, who serves as senior vice president and chief human resources officer of Energy Technologies, Inc. The Form 4 records his direct beneficial ownership of newly vested performance restricted stock units granted under the company’s equity compensation programs.

Were the FET performance restricted stock units acquired in open-market purchases?

No. The performance restricted stock units were acquired as grants or awards under compensation plans at a transaction price of $0 per unit. They represent previously granted incentives that vested after Energy Technologies, Inc. achieved specified performance conditions certified on February 12, 2026.

What dates were the FET PRSUs originally granted before vesting in 2026?

Footnotes state the reported PRSUs were originally granted on February 17, 2023, March 6, 2024, and March 5, 2025. These awards later vested on the basis of total shareholder return versus peers or free cash flow performance, once results were certified on February 12, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/17/2026 - 03:56 PM Learn about SEC filing dates

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^*

Danford Michael Dewayne

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CHO

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)
			Code	V	Amount	(A) or (D)	Price

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
Performance Restricted Stock Units	(1)	02/12/2026		A		3,680		(1)	(1)	Common Stock	3,680	$0	3,680(1)	D
Performance Restricted Stock Units	(2)	02/12/2026		A		7,088		(2)	(2)	Common Stock	7,088	$0	7,088(2)	D
Performance Restricted Stock Units	(3)	02/12/2026		A		3,804		(3)	(3)	Common Stock	3,804	$0	3,804(3)	D
Performance Restricted Stock Units	(4)	02/12/2026		A		3,804		(4)	(4)	Common Stock	3,804	$0	3,804(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:

	/s/ Michael D. Danford by John C. Ivascu as Attorney-in- Fact	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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