STOCK TITAN

Forum Energy (NYSE: FET) SVP receives 3,621 restricted stock units award

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

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 Danford Michael Dewayne
Role SVP & CHO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 3,621 $0.00 --
Holdings After Transaction: Restricted Stock Units — 3,621 shares (Direct)
Footnotes (1)
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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)
03/03/2026
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
Restricted Stock Units (1) 03/03/2026 A 3,621 (1) (1) Common Stock 3,621 $0 3,621 D
Explanation of Responses:
1. 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.
Remarks:
/s/ Michael D. Danford by John C. Ivascu as Attorney-in- Fact 03/04/2026
** 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.

FAQ

What insider transaction did FET report for Michael Dewayne Danford?

FORUM ENERGY TECHNOLOGIES reported that SVP & CHO Michael Dewayne Danford received 3,621 restricted stock units as an equity award. These RSUs were granted at no cash cost and give him rights to future common shares if vesting conditions are satisfied over three years.

How many restricted stock units were granted to the FET executive?

The FET executive received an award of 3,621 restricted stock units. Each unit represents a contingent right to receive one share of common stock, subject to vesting over three years and the terms of the company’s Second Amended and Restated 2016 Stock and Incentive Plan.

When do Michael Dewayne Danford’s FET restricted stock units vest?

The RSUs vest in three equal installments on the first, second, and third anniversaries of March 3, 2026. This means one-third of the 3,621 units becomes payable each year, assuming continued satisfaction of the plan’s conditions for vesting and issuance.

What plan governs the new FET restricted stock unit award?

The award was granted under FORUM ENERGY TECHNOLOGIES’ Second Amended and Restated 2016 Stock and Incentive Plan. This plan sets the terms for equity-based compensation, including vesting schedules, settlement into common stock, and related features such as dividend equivalent rights on RSUs.

Do the FET RSUs granted to Danford include dividend equivalent rights?

Yes. The restricted stock units include dividend equivalent rights providing the same dividends that would be paid on the underlying common shares. These credited dividends will be paid at the same time the common stock underlying the RSUs is issued to Michael Dewayne Danford.

What is Danford’s total FET RSU holdings after this transaction?

After this grant, Michael Dewayne Danford directly holds 3,621 restricted stock units in FORUM ENERGY TECHNOLOGIES. These units each represent a contingent right to receive one share of common stock, subject to the scheduled vesting dates and the terms outlined in the company’s incentive plan.