Forum Energy SVP granted 3,621 RSUs
Pounds Steven reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Pounds Steven reported acquisition or exercise transactions in this Form 4 filing.
Forum Energy Technologies reported that SVP Operations Steven Pounds received a grant of 3,621 restricted stock units (RSUs) under the company’s Second Amended and Restated 2016 Stock and Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, with no cash price paid.
The RSUs vest in three equal installments, with one-third vesting on each of the first, second, and third anniversaries of March 3, 2026. The award also carries dividend equivalent rights, meaning Pounds will be credited with the same dividends that would be paid on the underlying common shares, payable when the shares are ultimately issued.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,621 | $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 insider transaction did Forum Energy Technologies (FET) report for Steven Pounds?
How many restricted stock units did Steven Pounds receive at Forum Energy Technologies (FET)?
What is the vesting schedule for Steven Pounds’ RSU grant at Forum Energy Technologies (FET)?
Do Steven Pounds’ RSUs at Forum Energy Technologies (FET) include dividend rights?
Under what plan were Steven Pounds’ RSUs granted at Forum Energy Technologies (FET)?
What does each RSU granted to Steven Pounds by Forum Energy Technologies (FET) represent?
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