Director at Forum Energy Technologies (FET) receives 2,556-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Mark W. reported acquisition or exercise transactions in this Form 4 filing.
Forum Energy Technologies director Mark W. Smith received a grant of 2,556 shares of common stock as an equity award. The award is in the form of restricted stock under the company’s 2016 Second Amended and Restated Stock and Incentive Plan at no cash cost per share. After this grant, Smith directly owns 6,411 common shares. The restricted shares carry dividend and voting rights but are subject to transfer and other restrictions that lapse upon vesting, which occurs in full one year after the grant date, with potential accelerated vesting upon a Change in Control as defined in the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Mark W.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,556 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,411 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Forum Energy Technologies (FET) report for Mark W. Smith?
Forum Energy Technologies reported that director Mark W. Smith received a grant of 2,556 shares of common stock as restricted stock. The grant was made at no cash cost per share under the company’s 2016 Second Amended and Restated Stock and Incentive Plan.
What are the vesting terms of Mark W. Smith’s restricted stock grant at Forum Energy Technologies (FET)?
The restricted stock grant to Mark W. Smith vests in full on the one-year anniversary of the grant date. The award is also subject to accelerated vesting of the entire grant upon a Change in Control, as that term is defined in the company’s stock and incentive plan.
Under which plan was Mark W. Smith’s restricted stock grant at Forum Energy Technologies (FET) made?
The restricted stock grant to Mark W. Smith was made under the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan. This plan governs the award’s terms, including vesting, restrictions, and the Change in Control provisions.