FET (FET) CFO gains vested performance stock units after targets met

Rhea-AI Filing Summary

FET executive David Lyle Williams Jr., EVP and CFO, reported multiple equity awards tied to past performance. On February 12, 2026, he acquired four grants of performance restricted stock units (PRSUs) at a price of $0 per unit: 11,961, 23,038, 12,360, and 12,360 PRSUs.

According to the footnotes, these PRSUs were originally granted between February 17, 2023 and March 5, 2025 and vested after achievement of performance goals. Three tranches vested based on the company’s total shareholder return versus a peer group, and one tranche vested based on 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^*

Williams David Lyle Jr.

(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)
	EVP, CFO

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		11,961		(1)	(1)	Common Stock	11,961	$0	11,961(1)	D
Performance Restricted Stock Units	(2)	02/12/2026		A		23,038		(2)	(2)	Common Stock	23,038	$0	23,038(2)	D
Performance Restricted Stock Units	(3)	02/12/2026		A		12,360		(3)	(3)	Common Stock	12,360	$0	12,360(3)	D
Performance Restricted Stock Units	(4)	02/12/2026		A		12,360		(4)	(4)	Common Stock	12,360	$0	12,360(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/ D. Lyle Williams 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 EVP, CFO Williams report on this Form 4?

EVP and CFO David Lyle Williams Jr. reported acquiring four grants of performance restricted stock units on February 12, 2026. These derivative awards totaled 11,961, 23,038, 12,360, and 12,360 PRSUs, all at a price of $0 per unit, held directly.

When did the reported FET performance restricted stock units vest?

The PRSUs vested after performance was certified on February 12, 2026. They relate to grants originally awarded in 2023, 2024, and 2025, and became earned once specified performance criteria were confirmed as achieved on that certification date.

What performance metrics determined vesting of FET PRSUs for Williams?

The vesting depended on total shareholder return and free cash flow performance. Three PRSU tranches vested based on FET’s total shareholder return versus a peer group, while one 2025 grant vested based on the company’s free cash flow, all certified as achieved on February 12, 2026.

What were the original grant dates for the FET PRSUs that vested?

The vested PRSUs came from four prior grants. They were originally granted on February 17, 2023, March 6, 2024, and twice on March 5, 2025, then later vested once the company’s performance against set metrics was certified on February 12, 2026.

Does the FET CFO’s Form 4 show direct or indirect ownership of these PRSUs?

The filing shows direct ownership of all reported PRSUs. Each transaction is coded with ownership type "D" for direct, and no footnotes indicate holdings through entities, trusts, or other indirect arrangements for these specific performance restricted stock unit awards.

What is the transaction code used for the FET PRSU awards on this Form 4?

Each PRSU transaction is reported with transaction code "A" for acquisition. This code indicates a grant, award, or other acquisition of derivative securities, reflecting that the executive gained these vested performance restricted stock units rather than buying or selling them in the open market.