Forum Energy (NYSE: FET) SVP receives 3,621 restricted stock units award
Filing Impact
Filing Sentiment
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 Trade Summary
1 transaction reported
Mixed
1 txn
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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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.