Forum Energy (NYSE: FET) CFO logs RSU vesting and tax-share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forum Energy Technologies EVP and CFO David Lyle Jr. reported equity award activity on March 5 and 6, 2026. Restricted stock units vested on both dates, converting into shares of common stock at no cash cost to him, reflecting previously granted awards from March 5, 2025 and March 6, 2024.
On each date, a portion of the newly issued common shares was disposed of under code F to cover tax obligations related to these vestings, with shares surrendered at prices of $57.70 and $57.17 per share. Following the March 6, 2026 transactions, he held 143,249 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,879 shares exercised/converted
Mixed
6 txns
Insider
Williams David Lyle Jr.
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,519 | $0.00 | -- |
| Exercise | Common Stock | 11,519 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,532 | $57.17 | $259K |
| Exercise | Restricted Stock Units | 12,360 | $0.00 | -- |
| Exercise | Common Stock | 12,360 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,863 | $57.70 | $281K |
Holdings After Transaction:
Restricted Stock Units — 11,519 shares (Direct);
Common Stock — 147,781 shares (Direct)
Footnotes (1)
- Reflects the vesting of restricted stock units granted on March 5, 2025. These shares were surrendered to satisfy the tax obligations related to the settlement of the related equity award. Reflects the vesting of restricted stock units granted on March 6, 2024.
FAQ
What did Forum Energy Technologies (FET) CFO David Lyle report on his latest Form 4?
He reported vesting of restricted stock units that converted into common shares on March 5 and 6, 2026. Some of those shares were then surrendered to satisfy tax obligations related to the equity award settlements, rather than sold in open-market transactions.
Were the Forum Energy CFO’s reported transactions open-market stock sales?
No, the disposals were coded F, meaning they were share surrenders to pay exercise price or tax liabilities. The filing states these shares were surrendered to satisfy tax obligations related to settlement of the equity awards, not discretionary open-market sales.
What prior grants do the vested Forum Energy RSUs relate to?
The March 5, 2026 vesting reflects restricted stock units granted on March 5, 2025, according to a footnote. The March 6, 2026 vesting reflects restricted stock units granted on March 6, 2024, showing a scheduled vesting pattern of previously awarded equity.