Forum Energy Technologies (NYSE: FET) SVP settles stock units, surrenders shares for taxes

Rhea-AI Filing Summary

Forum Energy Technologies senior vice president and chief human resources officer Michael Dewayne Danford reported multiple equity award transactions. On February 17, 2026, restricted stock units and performance-based units vested and were settled into common stock through derivative exercises at $0.00 per share. Some of the resulting common shares, including blocks at $50.5900 per share, were surrendered to satisfy tax obligations tied to these awards. After these transactions, Danford directly owned 52,681 shares of common stock.

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

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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)
02/17/2026

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
Common Stock	02/17/2026		M		2,103(1)	A	$0	42,513	D
Common Stock	02/17/2026		F		827(2)	D	$50.59	41,686	D
Common Stock	02/17/2026		M		3,680(3)	A	$0	45,366	D
Common Stock	02/17/2026		F		1,600(2)	D	$50.59	43,766	D
Common Stock	02/17/2026		M		7,088(3)	A	$0	50,854	D
Common Stock	02/17/2026		F		2,789(2)	D	$50.59	48,065	D
Common Stock	02/17/2026		M		3,804(3)	A	$0	51,869	D
Common Stock	02/17/2026		F		1,496(2)	D	$50.59	50,373	D
Common Stock	02/17/2026		M		3,804(3)	A	$0	54,177	D
Common Stock	02/17/2026		F		1,496(2)	D	$50.59	52,681	D

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)	02/17/2026		M			2,103	(1)	(1)	Common Stock	2,103	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			3,680	(3)	(3)	Common Stock	3,680	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			7,088	(3)	(3)	Common Stock	7,088	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			3,804	(3)	(3)	Common Stock	3,804	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			3,804	(3)	(3)	Common Stock	3,804	$0	0	D

Explanation of Responses:

1. Reflects the vesting of restricted stock units granted on February 17, 2023.

2. These shares were surrendered to satisfy the tax obligations related to the settlement of the associated equity award.

3. Reflects the settlement of previously certified performance restricted stock units.

Remarks:

	/s/ Michael D. Danford by John C. Ivascu as Attorney-in- Fact	02/19/2026
	** 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).
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FAQ

What insider transactions did FET executive Michael Dewayne Danford report?

Michael Dewayne Danford reported vesting and settlement of restricted and performance-based stock units into common stock. Several tax-withholding share dispositions were also reported, all dated February 17, 2026, reflecting routine equity compensation activity rather than open-market share purchases or sales.

How many Forum Energy Technologies (FET) shares does Danford hold after these Form 4 transactions?

After the reported equity award settlements and related tax-withholding dispositions, Michael Dewayne Danford directly owned 52,681 shares of Forum Energy Technologies common stock. This figure reflects his updated direct ownership following the February 17, 2026 transactions disclosed in the Form 4 filing.

What do the tax-withholding transactions at $50.5900 mean for FET shares?

Certain common shares were surrendered at $50.5900 per share to cover tax obligations on settled equity awards. These are coded as tax-withholding dispositions, meaning shares were delivered to satisfy taxes rather than sold in open-market transactions for cash proceeds.

What is the significance of the restricted stock units in FET’s Form 4 filing?

The filing shows restricted stock units and performance restricted stock units granted to Danford vested and settled into common stock. These awards represent stock-based compensation, which aligns executive incentives with shareholder interests by tying part of pay to Forum Energy Technologies’ equity value.

Did the FET insider Form 4 indicate open-market buying or selling of shares?

The Form 4 reflects derivative exercises and tax-withholding dispositions, not open-market trades. Shares were acquired through settlement of restricted and performance units, while other shares were surrendered to pay taxes associated with those equity awards, based on the filing’s transaction codes and descriptions.