FET SVP granted 3,621 restricted stock units
Danford Michael Dewayne reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Danford Michael Dewayne reported acquisition or exercise transactions in this Form 4 filing.
FORUM ENERGY TECHNOLOGIES, INC. reported that SVP & CHO Michael Dewayne Danford received a grant of 3,621 restricted stock units on March 3, 2026. The units were granted at no cash cost and each represents a right to receive one share of common stock if vesting conditions are met. The RSUs vest in three equal installments on each of the first, second and third anniversaries of March 3, 2026, and include dividend equivalent rights that will be paid when the underlying shares are issued.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,621 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an award of restricted stock units (the "RSUs") granted pursuant to the Company's Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest as to 1/3 on each of the first, second and third anniversaries of March 3, 2026. The RSUs also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the RSUs outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person.
FAQ
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What insider transaction did FET report for Michael Dewayne Danford?
How many restricted stock units were granted to the FET executive?
When do Michael Dewayne Danford’s FET restricted stock units vest?
What plan governs the new FET restricted stock unit award?
Do the FET RSUs granted to Danford include dividend equivalent rights?
What is Danford’s total FET RSU holdings after this transaction?
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