Energy Technologies (NYSE: FET) CEO reports new performance stock unit awards

Rhea-AI Filing Summary

Energy Technologies, Inc. President and CEO Neal Lux reported the acquisition of multiple performance restricted stock unit (PRSU) awards on February 12, 2026. These derivative awards cover 24,383, 57,594, 30,900 and 30,900 underlying shares of common stock, all at a price of $0 per unit.

The PRSUs were originally granted between February 17, 2023 and March 5, 2025 and vested after the company’s total shareholder return versus peers, or its free cash flow, was certified on February 12, 2026.

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^*

Lux Neal

(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)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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

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
Performance Restricted Stock Units	(1)	02/12/2026		A		24,383		(1)	(1)	Common Stock	24,383	$0	24,383(1)	D
Performance Restricted Stock Units	(2)	02/12/2026		A		57,594		(2)	(2)	Common Stock	57,594	$0	57,594(2)	D
Performance Restricted Stock Units	(3)	02/12/2026		A		30,900		(3)	(3)	Common Stock	30,900	$0	30,900(3)	D
Performance Restricted Stock Units	(4)	02/12/2026		A		30,900		(4)	(4)	Common Stock	30,900	$0	30,900(4)	D

Explanation of Responses:

1. Represents performance restricted stock units ("PRSUs") granted on February 17, 2023 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026.

2. Represents PRSUs granted on March 6, 2024 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026.

3. Represents PRSUs granted on March 5, 2025 that vested based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies, as certified on February 12, 2026.

4. Represents PRSUs granted on March 5, 2025 that vested based upon the Company's free cash flow, as certified on February 12, 2026.

Remarks:

	/s/ Neal A. Lux by John C. Ivascu as Attorney-in-Fact	02/17/2026
	** 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 transaction did FET report for its CEO on February 12, 2026?

Energy Technologies, Inc. President and CEO Neal Lux reported acquiring several performance restricted stock unit awards on February 12, 2026. These derivative awards relate to common stock and were received at a stated price of $0 per unit as part of equity compensation.

How many performance restricted stock units did the FET CEO acquire in this Form 4?

The Form 4 shows Neal Lux acquiring four PRSU awards covering 24,383, 57,594, 30,900, and 30,900 underlying shares of Energy Technologies, Inc. common stock. Each line reflects a separate performance-based award recorded as a derivative security transaction.

What performance metrics determined vesting of the FET CEO’s PRSUs?

The PRSUs vested based on Energy Technologies, Inc.’s total shareholder return versus a peer group and on the company’s free cash flow. These performance outcomes were certified on February 12, 2026, triggering vesting of the previously granted awards reported in the filing.

Over what period were the FET CEO’s PRSUs originally granted?

The filing explains that the performance restricted stock units were originally granted on February 17, 2023, March 6, 2024, and March 5, 2025. They vested later when performance conditions tied to shareholder return and free cash flow were certified on February 12, 2026.

Does the FET CEO’s Form 4 reflect a stock purchase or a compensation award?

The Form 4 reflects compensation awards, not open-market stock purchases. All transactions use code “A” for a grant, award, or other acquisition of performance restricted stock units with a reported price of $0, consistent with equity incentive compensation rather than cash purchases.

What is the nature of ownership for the FET CEO’s reported PRSUs?

The reported performance restricted stock units are listed as directly owned by Neal Lux. The filing marks ownership as “D” for direct, with no footnotes indicating indirect ownership through entities or any disclaimer of beneficial ownership for these specific derivative awards.