Forum Energy director granted 2,556 restricted shares
Smith Mark W. reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,556 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an award of restricted stock under the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan (the "Plan"). Each share of restricted stock, par value $0.01 per share, is subject to transferability and other restrictions that lapse upon vesting of the restricted stock. The restricted stock award vests in full on the one year anniversary of the date of grant, subject to accelerated vesting of the entire award upon a Change in Control (as defined in the Plan). The restricted stock agreement also includes dividend and voting rights.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Forum Energy Technologies (FET) report for Mark W. Smith?
What are the vesting terms of Mark W. Smith’s restricted stock grant at Forum Energy Technologies (FET)?
Under which plan was Mark W. Smith’s restricted stock grant at Forum Energy Technologies (FET) made?
AI-generated analysis. How Rhea-AI works. Not financial advice.