Forum Energy Technologies (FET) director reports 8,557-share restricted stock grant
Rhea-AI Filing Summary
Forum Energy Technologies director Paul E. Rowsey III reported an equity award of 8,557 shares of common stock on March 5, 2025. The shares were granted as restricted stock at a price of $0 per share under the company’s 2016 Second Amended and Restated Stock and Incentive Plan.
The restricted stock vests in full one year after the grant date, with restrictions lapsing at vesting and potential accelerated vesting upon a Change in Control as defined in the plan. Following this grant, Rowsey beneficially owns 23,071 shares of common stock directly, with associated dividend and voting rights during the restriction period.
The filing also clarifies that a prior Form 4 filed on March 7, 2025, was incorrectly submitted under the company’s name; this amendment confirms that Paul E. Rowsey III is the correct reporting person, with all other reported information unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,557 | $0.00 | -- |
Footnotes (1)
- Represents an award of restricted stock under the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan (the "Plan"). Each share of restricted stock, par value $0.01 per share, is subject to transferability and other restrictions that lapse upon vesting of the restricted stock. The restricted stock award vests in full on the one year anniversary of the date of grant, subject to accelerated vesting of the entire award upon a Change in Control (as defined in the Plan). The restricted stock agreement also includes dividend and voting rights On March 7, 2025, a Form 4 was incorrectly filed by Forum Energy Technologies, Inc. instead of Paul E Rowsey III. The correct filing entity is Paul E Rowsey III. All other information reported in the Form 4 remains the same.