Forum Energy EVP, CFO awarded 12,777 RSUs
Williams David Lyle Jr. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Williams David Lyle Jr. reported acquisition or exercise transactions in this Form 4 filing.
Forum Energy Technologies EVP and CFO David Lyle Jr. reported receiving an award of 12,777 restricted stock units (RSUs) tied to the company’s common stock. Each RSU represents a contingent right to receive one share of common stock, granted under the company’s 2016 Stock and Incentive Plan.
The RSUs vest in three equal parts, with one-third vesting on each of the first, second and third anniversaries of March 3, 2026. The award also carries dividend equivalent rights, so credited dividends will be paid when the underlying shares are ultimately issued.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,777 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an award of restricted stock units (the "RSUs") granted pursuant to the Company's Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest as to 1/3 on each of the first, second and third anniversaries of March 3, 2026. The RSUs also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the RSUs outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person.
FAQ
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What did the Forum Energy Technologies (FET) Form 4 report for David Lyle Jr.?
How many restricted stock units did FET grant to its EVP, CFO?
What is the vesting schedule of the 12,777 RSUs reported by FET?
Do the Forum Energy Technologies RSUs include dividend equivalent rights?
What does each restricted stock unit represent in the FET Form 4 filing?
Under which plan were the Forum Energy Technologies RSUs granted?
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