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Forum Energy Technologies (FET) awards 3,621 RSUs to SVP Operations

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Pounds Steven
Role SVP Operations
Type Security Shares Price Value
Grant/Award Restricted Stock Units 3,621 $0.00 --
Holdings After Transaction: Restricted Stock Units — 3,621 shares (Direct)
Footnotes (1)
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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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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)
03/03/2026
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
Restricted Stock Units (1) 03/03/2026 A 3,621 (1) (1) Common Stock 3,621 $0 3,621 D
Explanation of Responses:
1. 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.
Remarks:
/s/ Steven Pounds by John C. Ivascu as Attorney-in-Fact 03/04/2026
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Forum Energy Technologies (FET) report for Steven Pounds?

Forum Energy Technologies reported that SVP Operations Steven Pounds received a grant of 3,621 restricted stock units. These RSUs are awarded under the company’s Second Amended and Restated 2016 Stock and Incentive Plan and represent contingent rights to receive shares of common stock over time.

How many restricted stock units did Steven Pounds receive at Forum Energy Technologies (FET)?

Steven Pounds received 3,621 restricted stock units from Forum Energy Technologies. The units are granted with no cash purchase price and are tied to the company’s common stock, vesting over multiple years according to the plan’s schedule starting from March 3, 2026.

What is the vesting schedule for Steven Pounds’ RSU grant at Forum Energy Technologies (FET)?

The RSU grant to Steven Pounds vests in three equal parts. One-third of the 3,621 restricted stock units vests on each of the first, second, and third anniversaries of March 3, 2026, aligning the award with longer-term service and performance horizons.

Do Steven Pounds’ RSUs at Forum Energy Technologies (FET) include dividend rights?

Yes, the RSUs include dividend equivalent rights. Pounds will be credited with the same dividends that would be paid on the underlying common shares, and those credited dividends will be paid when the corresponding common stock shares are actually issued to him.

Under what plan were Steven Pounds’ RSUs granted at Forum Energy Technologies (FET)?

The restricted stock units were granted under Forum Energy Technologies’ Second Amended and Restated 2016 Stock and Incentive Plan. This plan governs equity-based awards like RSUs, linking executive compensation to the company’s common stock and multi-year vesting conditions.

What does each RSU granted to Steven Pounds by Forum Energy Technologies (FET) represent?

Each restricted stock unit represents a contingent right to receive one share of Forum Energy Technologies common stock. The shares are delivered only after the vesting conditions are satisfied and are accompanied by credited dividends payable when the common stock is ultimately issued.