Forum Energy Technologies (FET) grants 3,621 RSUs to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brookes Mark reported acquisition or exercise transactions in this Form 4 filing.
Forum Energy Technologies senior vice president Mark Brookes received a grant of 3,621 restricted stock units under the company’s 2016 Stock and Incentive Plan. Each unit equals one share of common stock and vests in three equal installments on the first, second, and third anniversaries of March 3, 2026, with dividend equivalents paid when shares are issued.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brookes Mark
Role
SVP
| 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 Mark Brookes?
Forum Energy Technologies reported that SVP Mark Brookes received 3,621 restricted stock units. The award was granted under the company’s Second Amended and Restated 2016 Stock and Incentive Plan as equity compensation, increasing his direct holdings in the form of contingent rights to common shares.
How many restricted stock units did FET grant to its SVP Mark Brookes?
Mark Brookes was granted 3,621 restricted stock units. Each unit represents a contingent right to receive one share of Forum Energy Technologies common stock, subject to the vesting schedule and other terms set out in the company’s Second Amended and Restated 2016 Stock and Incentive Plan.
What is the vesting schedule for Mark Brookes’ 3,621 RSUs at FET?
The 3,621 RSUs granted to Mark Brookes vest in three equal installments. One‑third vests on each of the first, second, and third anniversaries of March 3, 2026, meaning the award becomes fully vested over a three‑year period from that reference date.
Do the restricted stock units granted to FET’s SVP include dividend equivalents?
Yes, the RSUs granted to FET’s SVP include dividend equivalent rights. These entitle him to the same dividends payable on underlying common stock, with credited dividends paid at the time the related shares of common stock are ultimately issued to him upon vesting.
What plan governs the RSU grant to Mark Brookes at Forum Energy Technologies (FET)?
The RSU grant to Mark Brookes is governed by Forum Energy Technologies’ Second Amended and Restated 2016 Stock and Incentive Plan. This plan specifies the award’s terms, including that each RSU equals one common share and outlines vesting conditions and dividend equivalent rights.
Was there any purchase price for the 3,621 RSUs granted to FET’s SVP?
No purchase price was paid for the 3,621 RSUs, as indicated by a transaction price per share of $0.00. This reflects a compensatory equity award rather than an open‑market purchase, providing the executive with potential future shares subject to vesting terms.