Forum Energy (NYSE: FET) CEO updates holdings after RSU vesting and tax share surrenders
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forum Energy Technologies President & CEO Neal Lux reported equity award activity involving restricted stock units and common stock. On March 5, 2026, 30,900 restricted stock units granted on March 5, 2025 vested and converted into 30,900 common shares, with 12,159 shares surrendered at prices of $57.70 per share to cover tax obligations. On March 6, 2026, 28,797 restricted stock units granted on March 6, 2024 vested and converted into 28,797 common shares, with 11,331 shares surrendered at $57.17 per share for related tax withholding. Following these transactions, Lux directly owned 347,483 shares of Forum Energy Technologies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,697 shares exercised/converted
Mixed
6 txns
Insider
Lux Neal
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 28,797 | $0.00 | -- |
| Exercise | Common Stock | 28,797 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,331 | $57.17 | $648K |
| Exercise | Restricted Stock Units | 30,900 | $0.00 | -- |
| Exercise | Common Stock | 30,900 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,159 | $57.70 | $702K |
Holdings After Transaction:
Restricted Stock Units — 28,797 shares (Direct);
Common Stock — 358,814 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 associated equity award. Reflects the vesting of restricted stock units granted on March 6, 2024.
FAQ
What insider transactions did FET President & CEO Neal Lux report?
Neal Lux reported vesting of restricted stock units that converted into common stock, plus related tax-withholding share surrenders. The activity reflects equity award settlement rather than open-market buying or selling, and resulted in an updated direct ownership balance in Forum Energy Technologies shares.
How many Forum Energy Technologies RSUs vested for Neal Lux in March 2026?
Neal Lux had 30,900 restricted stock units vest on March 5, 2026 and 28,797 restricted stock units vest on March 6, 2026. These RSUs, originally granted in March 2025 and March 2024, respectively, converted into an equal number of Forum Energy Technologies common shares.
What is Neal Lux’s direct ownership in FET after these equity transactions?
After the reported vesting and tax-withholding transactions, Neal Lux directly owned 347,483 shares of Forum Energy Technologies common stock. This updated figure reflects net shares retained following conversion of restricted stock units and the surrender of shares to meet related tax liabilities.
Were the RSUs in the FET Form 4 newly granted or previously awarded?
The restricted stock units that vested in March 2026 were previously granted awards. Footnotes state the 30,900 units vesting on March 5, 2026 were granted March 5, 2025, and the 28,797 units vesting on March 6, 2026 were granted March 6, 2024.