Forum Energy Technologies (FET) awards 3,621 RSUs to SVP Operations
Filing Impact
Filing Sentiment
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 Trade Summary
1 transaction reported
Mixed
1 txn
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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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.