Energy Technologies (FET) SVP awarded performance-based PRSU grants

Rhea-AI Filing Summary

Energy Technologies, Inc. senior vice president of operations Steven Pounds reported multiple performance restricted stock unit awards. On February 12, 2026, he acquired four blocks of PRSUs at a price of $0 per unit, all held as direct ownership.

The PRSUs had been originally granted between February 2023 and March 2025 and vested only after performance conditions were certified. Three awards vested based on the company’s total shareholder return versus a peer group, and one vested based on the company’s free cash flow, all 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^*

Pounds Steven

(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)
	SVP Operations

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		1,887		(1)	(1)	Common Stock	1,887	$0	1,887(1)	D
Performance Restricted Stock Units	(2)	02/12/2026		A		5,316		(2)	(2)	Common Stock	5,316	$0	5,316(2)	D
Performance Restricted Stock Units	(3)	02/12/2026		A		3,090		(3)	(3)	Common Stock	3,090	$0	3,090(3)	D
Performance Restricted Stock Units	(4)	02/12/2026		A		3,090		(4)	(4)	Common Stock	3,090	$0	3,090(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/ Steven Pounds 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 SVP Steven Pounds?

Energy Technologies, Inc. reported that SVP Operations Steven Pounds acquired multiple performance restricted stock unit awards on February 12, 2026. These awards became earned when previously granted PRSUs vested after meeting defined performance conditions tied to shareholder return and free cash flow.

What type of securities did Steven Pounds receive in the latest FET Form 4?

Steven Pounds received performance restricted stock units, or PRSUs, which are derivative equity awards. They convert into shares of common stock when specific performance goals are achieved and certified, rather than being purchased outright for cash in the open market.

Which performance measures drove vesting of the FET PRSU awards?

The PRSUs vested based on two main performance measures: total shareholder return versus a group of peer companies and the company’s free cash flow. Each grant’s vesting was certified on February 12, 2026, once those performance criteria were evaluated.

Over what period were the FET PRSUs originally granted to Steven Pounds?

The performance restricted stock units were originally granted on four dates: February 17, 2023, March 6, 2024, and two grants on March 5, 2025. All of these grants subsequently vested after the company confirmed performance results in February 2026.

How were the vested FET PRSUs held by Steven Pounds classified?

All reported performance restricted stock units are classified as directly owned by Steven Pounds. Direct ownership means the awards are held in his name, rather than through an intermediary entity such as a trust, partnership, or other indirect structure.

Did Steven Pounds pay cash for the FET performance restricted stock units?

The Form 4 shows a transaction price of $0 per performance restricted stock unit. These PRSUs represent equity compensation that vested upon meeting performance goals, rather than securities purchased for cash in the market at a stated share price.