Forum Energy (NYSE: FET) SVP settles RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FORUM ENERGY TECHNOLOGIES, INC. senior vice president Mark Brookes reported equity award activity involving restricted stock units and performance restricted stock units on February 17, 2026. The filing shows vesting and settlement of previously granted units into shares of common stock at an exercise price of $0.00 per share.
To cover related tax obligations, Brookes surrendered portions of the newly delivered common shares at $50.59 per share, classified as tax-withholding dispositions rather than open-market sales. Following these conversions and tax withholdings, he directly owned 22,547 shares of Forum Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,461 shares exercised/converted
Mixed
15 txns
Insider
Brookes Mark
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,078 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 1,887 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 5,316 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 3,090 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 3,090 | $0.00 | -- |
| Exercise | Common Stock | 1,078 | $0.00 | -- |
| Tax Withholding | Common Stock | 262 | $50.59 | $13K |
| Exercise | Common Stock | 1,887 | $0.00 | -- |
| Tax Withholding | Common Stock | 559 | $50.59 | $28K |
| Exercise | Common Stock | 5,316 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,348 | $50.59 | $68K |
| Exercise | Common Stock | 3,090 | $0.00 | -- |
| Tax Withholding | Common Stock | 752 | $50.59 | $38K |
| Exercise | Common Stock | 3,090 | $0.00 | -- |
| Tax Withholding | Common Stock | 752 | $50.59 | $38K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Restricted Stock Units — 0 shares (Direct);
Common Stock — 12,837 shares (Direct)
Footnotes (1)
- Reflects the vesting of restricted stock units granted on February 17, 2023. These shares were surrendered to satisfy the tax obligations related to the settlement of the associated equity award. Reflects the settlement of previously certified performance restricted stock units.
FAQ
What insider transactions did FET executive Mark Brookes report on this Form 4?
Mark Brookes reported vesting and settlement of restricted stock units and performance restricted stock units into Forum Energy common stock, plus share dispositions used to satisfy related tax obligations. All transactions occurred on February 17, 2026, and were tied to previously granted equity awards.
What equity awards vested or settled for FET SVP Mark Brookes?
The filing notes vesting of restricted stock units granted on February 17, 2023, and settlement of previously certified performance restricted stock units. These derivative securities converted into shares of Forum Energy common stock at a stated exercise or conversion price of $0.00 per share.
Does the FET Form 4 indicate changes in Mark Brookes’ role or authority?
The information describes Mark Brookes as a senior vice president and focuses on his equity award vesting, settlement, and related tax-withholding share dispositions. It does not discuss changes to his officer status, responsibilities, or broader corporate governance matters.