Forum Energy Technologies (FET) EVP, CFO granted 12,777 RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams David Lyle Jr.
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,777 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 12,777 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did the Forum Energy Technologies (FET) Form 4 report for David Lyle Jr.?
The Form 4 shows EVP and CFO David Lyle Jr. received 12,777 restricted stock units. These RSUs were granted under Forum Energy Technologies’ Second Amended and Restated 2016 Stock and Incentive Plan, tied to the company’s common stock.
How many restricted stock units did FET grant to its EVP, CFO?
Forum Energy Technologies granted 12,777 restricted stock units to its EVP and CFO. Each RSU is a contingent right to receive one share of common stock, subject to the vesting schedule described in the award’s terms.
What is the vesting schedule of the 12,777 RSUs reported by FET?
The 12,777 RSUs vest in three equal installments. One-third vests on each of the first, second, and third anniversaries of March 3, 2026, meaning the units become deliverable as shares over three key future dates.
Do the Forum Energy Technologies RSUs include dividend equivalent rights?
Yes, the RSUs include dividend equivalent rights. These entitle the reporting person to the same dividends that would be paid if the underlying shares were outstanding, with credited dividends paid when the shares are issued.
What does each restricted stock unit represent in the FET Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of Forum Energy Technologies common stock. Delivery of the actual shares depends on the RSUs vesting according to the specified three-year anniversary schedule.
Under which plan were the Forum Energy Technologies RSUs granted?
The RSUs were granted under Forum Energy Technologies’ Second Amended and Restated 2016 Stock and Incentive Plan. This plan governs equity-based awards like these restricted stock units to executives and other eligible participants.