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Forum Energy (NYSE: FET) CEO settles stock units, withholds shares for tax

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Forum Energy Technologies President & CEO Neal Lux reported multiple equity award settlements on February 17, 2026. Restricted stock units granted on February 17, 2023 vested, and previously certified performance restricted stock units were settled into common stock, resulting in the acquisition of about 157,710 shares at a stated price of $0.00 per share.

To satisfy tax obligations from these equity settlements, Lux surrendered approximately 62,162 common shares at a price of $50.59 per share, described as tax-withholding dispositions rather than open-market sales. After these transactions, Lux directly held 311,276 shares of Forum Energy Technologies common stock.

Positive

  • None.

Negative

  • None.
Insider Lux Neal
Role President & CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 13,933 $0.00 --
Exercise Performance Restricted Stock Units 24,383 $0.00 --
Exercise Performance Restricted Stock Units 57,594 $0.00 --
Exercise Performance Restricted Stock Units 30,900 $0.00 --
Exercise Performance Restricted Stock Units 30,900 $0.00 --
Exercise Common Stock 13,933 $0.00 --
Tax Withholding Common Stock 5,482 $50.59 $277K
Exercise Common Stock 24,383 $0.00 --
Tax Withholding Common Stock 9,699 $50.59 $491K
Exercise Common Stock 57,594 $0.00 --
Tax Withholding Common Stock 22,663 $50.59 $1.15M
Exercise Common Stock 30,900 $0.00 --
Tax Withholding Common Stock 12,159 $50.59 $615K
Exercise Common Stock 30,900 $0.00 --
Tax Withholding Common Stock 12,159 $50.59 $615K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Performance Restricted Stock Units — 0 shares (Direct); Common Stock — 229,661 shares (Direct)
Footnotes (1)
  1. Reflects the vesting of restricted stock units granted on February 17, 2023. These shares were surrendered to satisfy the tax obligations related to the settlement of the associated equity award. Reflects the settlement of previously certified performance restricted stock units.
Form 4 Insider Transactions: What Each Field Means →
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*
Lux Neal
(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)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026
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
Common Stock 02/17/2026 M 13,933(1) A $0 229,661 D
Common Stock 02/17/2026 F 5,482(2) D $50.59 224,179 D
Common Stock 02/17/2026 M 24,383(3) A $0 248,562 D
Common Stock 02/17/2026 F 9,699(2) D $50.59 238,863 D
Common Stock 02/17/2026 M 57,594(3) A $0 296,457 D
Common Stock 02/17/2026 F 22,663(2) D $50.59 273,794 D
Common Stock 02/17/2026 M 30,900(3) A $0 304,694 D
Common Stock 02/17/2026 F 12,159(2) D $50.59 292,535 D
Common Stock 02/17/2026 M 30,900(3) A $0 323,435 D
Common Stock 02/17/2026 F 12,159(2) D $50.59 311,276 D
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
Restricted Stock Units (1) 02/17/2026 M 13,933 (1) (1) Common Stock 13,933 $0 0 D
Performance Restricted Stock Units (3) 02/17/2026 M 24,383 (3) (3) Common Stock 24,383 $0 0 D
Performance Restricted Stock Units (3) 02/17/2026 M 57,594 (3) (3) Common Stock 57,594 $0 0 D
Performance Restricted Stock Units (3) 02/17/2026 M 30,900 (3) (3) Common Stock 30,900 $0 0 D
Performance Restricted Stock Units (3) 02/17/2026 M 30,900 (3) (3) Common Stock 30,900 $0 0 D
Explanation of Responses:
1. Reflects the vesting of restricted stock units granted on February 17, 2023.
2. These shares were surrendered to satisfy the tax obligations related to the settlement of the associated equity award.
3. Reflects the settlement of previously certified performance restricted stock units.
Remarks:
/s/ Neal A. Lux by John C. Ivascu as Attorney-in-Fact 02/19/2026
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did FET President & CEO Neal Lux report?

Neal Lux reported equity award settlements that converted restricted and performance stock units into common shares. He also surrendered shares to cover related tax obligations. These actions are described as derivative exercises and tax-withholding dispositions, not open-market purchases or sales.

How many Forum Energy Technologies (FET) shares did Neal Lux acquire?

Lux acquired about 157,710 common shares of Forum Energy Technologies through the vesting and settlement of restricted and performance stock units. The stated transaction price for these derivative exercises was $0.00 per share, reflecting equity awards rather than cash purchases on the market.

How many FET shares were surrendered for taxes by Neal Lux?

Lux surrendered approximately 62,162 common shares of Forum Energy Technologies to satisfy tax obligations tied to the equity award settlements. These dispositions occurred at a reported price of $50.59 per share and are characterized as tax-withholding transactions, not discretionary stock sales.

What is Neal Lux’s direct FET share ownership after these transactions?

Following the vesting, settlement, and tax-withholding dispositions, Neal Lux directly owned 311,276 shares of Forum Energy Technologies common stock. This figure reflects his updated direct holdings after all reported derivative exercises and related share surrenders on February 17, 2026.

Were the FET insider transactions open-market buys or sells?

The transactions are reported as exercises or conversions of restricted and performance stock units and tax-withholding dispositions. The filing does not characterize them as open-market purchases or sales, but as equity award settlements and related share surrenders to cover tax liabilities.

What do the FET Form 4 footnotes explain about Neal Lux’s awards?

The footnotes state that restricted stock units granted on February 17, 2023 vested and that previously certified performance restricted stock units were settled. They also clarify that certain shares were surrendered specifically to satisfy tax obligations from these equity award settlements, explaining the reported dispositions.