Stock units vest for Forum Energy (NYSE: FET) EVP amid tax withholding

Rhea-AI Filing Summary

FORUM ENERGY TECHNOLOGIES, INC. executive John C. Ivascu, EVP, General Counsel & CCO, reported multiple equity award settlements on February 17, 2026. The filing shows exercises or conversions of restricted stock units and performance restricted stock units into shares of common stock at a stated price of $0.0000 per share.

Several common stock transactions with code “F” at $50.5900 per share reflect shares surrendered to cover tax obligations related to these awards, consistent with the footnote description. After these acquire and tax-withholding disposition transactions, Ivascu directly held 85,991 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^*

IVASCU JOHN C

(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)
	EVP, General Counsel & CCO

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		3,943(1)	A	$0	65,671	D
Common Stock	02/17/2026		F		1,551(2)	D	$50.59	64,120	D
Common Stock	02/17/2026		M		6,900(3)	A	$0	71,020	D
Common Stock	02/17/2026		F		2,857(2)	D	$50.59	68,163	D
Common Stock	02/17/2026		M		14,176(3)	A	$0	82,339	D
Common Stock	02/17/2026		F		5,578(2)	D	$50.59	76,761	D
Common Stock	02/17/2026		M		7,608(3)	A	$0	84,369	D
Common Stock	02/17/2026		F		2,993(2)	D	$50.59	81,376	D
Common Stock	02/17/2026		M		7,608(3)	A	$0	88,984	D
Common Stock	02/17/2026		F		2,993(2)	D	$50.59	85,991	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			3,943	(1)	(1)	Common Stock	3,943	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			6,900	(3)	(3)	Common Stock	6,900	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			14,176	(3)	(3)	Common Stock	14,176	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			7,608	(3)	(3)	Common Stock	7,608	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			7,608	(3)	(3)	Common Stock	7,608	$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:

	John C. Ivascu	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did FET executive John C. Ivascu report in this Form 4 filing?

John C. Ivascu reported the settlement of restricted stock units and performance restricted stock units into Forum Energy Technologies common stock, along with related tax-withholding dispositions, all dated February 17, 2026. These transactions updated his directly held share balance to 85,991 shares after the award activity.

How many Forum Energy Technologies (FET) shares does John C. Ivascu hold after these transactions?

After the reported equity award settlements and tax-withholding share surrenders, John C. Ivascu directly holds 85,991 shares of Forum Energy Technologies common stock. This total reflects multiple derivative exercises or conversions and related tax-withholding dispositions on February 17, 2026, as detailed in the Form 4.

What types of equity awards vested for FET’s John C. Ivascu in this Form 4?

The Form 4 shows vesting and settlement of restricted stock units and performance restricted stock units for John C. Ivascu. Footnotes state the activity reflects vesting of units granted February 17, 2023 and settlement of previously certified performance restricted stock units into Forum Energy Technologies common stock.

Why were some Forum Energy Technologies (FET) shares disposed of in this Form 4?

Dispositions with transaction code “F” represent shares surrendered to satisfy tax obligations tied to the equity award settlements. The filing and a footnote explain these Forum Energy Technologies shares were delivered to cover tax liabilities, rather than reflecting ordinary share sales by John C. Ivascu.

Were the FET transactions reported by John C. Ivascu open-market purchases or sales?

The transactions are identified as exercises or conversions of derivative securities and tax-withholding dispositions, using codes “M” and “F”. The Form 4 and its descriptions focus on award vesting, settlement, and tax coverage, not on open-market purchases or discretionary sales of Forum Energy Technologies shares.

What transaction codes are used in John C. Ivascu’s FET Form 4 and what do they mean?

The Form 4 uses code “M” for exercises or conversions of derivative securities, such as restricted stock units and performance restricted stock units. It also uses code “F” for payment of tax liability by delivering Forum Energy Technologies shares, indicating tax-withholding related dispositions.