Flotek (NYSE: FTK) awards stock and performance units to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ibrahim Christina M reported acquisition or exercise transactions in this Form 4 filing.
Flotek Industries senior vice president and general counsel Christina M. Ibrahim reported compensation-related equity awards rather than market trades. On March 10, 2026, she received 8,357 Performance Based Restricted Stock Units, each tied to one share of common stock at a price of $0.00 per unit.
The same day she was granted 8,357 common shares, and on March 2, 2026, she received an additional 3,163 common shares, all at $0.00 per share as stock awards. Following these grants, she directly holds 11,520 common shares.
Footnotes explain that restricted stock units vest in three equal annual installments, and the performance-based units vest only if future Adjusted EBITDA and relative total shareholder return versus the Russell 2000 Index–Oil Equipment and Services meet specified thresholds over performance periods running from January 1, 2026 through December 31, 2027 and December 31, 2028, with continued employment required through year-end 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ibrahim Christina M
Role
SVP, Gen Cncl, Chief Compl Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Based Restricted Stock Unit | 8,357 | $0.00 | -- |
| Grant/Award | Common Shares | 8,357 | $0.00 | -- |
| Grant/Award | Common Shares | 3,163 | $0.00 | -- |
Holdings After Transaction:
Performance Based Restricted Stock Unit — 8,357 shares (Direct);
Common Shares — 11,520 shares (Direct)
Footnotes (1)
- Restricted stock units that vest in three equal annual installments. Each Performance Based Restricted Stock Unit ("PRSU") represents a contingent right to receive one share of Flotek Industries, Inc. common stock, subject to the following conditions. Up to half of the PRSUs will vest if, and to the extent, the Company's Adjusted EBITDA meets or exceeds certain thresholds during the performance period of January 1, 2026 to December 31, 2027, subject to continued employment through December 31, 2028. Up to half of the PRSUs will vest, if, and to the extent, the company's total shareholder return relative to the Russell 2000 Index-Oil Equipment and Services, measured over a performance period from January 1, 2026 through December 31, 2028, meets or exceeds certain thresholds.
Key Figures
Performance-based RSUs granted: 8,357 units
Common shares granted (3/10/2026): 8,357 shares
Common shares granted (3/2/2026): 3,163 shares
+3 more
6 metrics
Performance-based RSUs granted
8,357 units
Granted March 10, 2026 at $0.00 per unit
Common shares granted (3/10/2026)
8,357 shares
Equity award at $0.00 per share
Common shares granted (3/2/2026)
3,163 shares
Equity award at $0.00 per share
Common shares after transactions
11,520 shares
Direct ownership following March 10, 2026 grant
EBITDA performance period
Jan 1, 2026–Dec 31, 2027
Determines up to half of PRSU vesting
TSR performance period
Jan 1, 2026–Dec 31, 2028
Determines up to half of PRSU vesting
Key Terms
Performance Based Restricted Stock Unit, restricted stock units, Adjusted EBITDA, total shareholder return, +1 more
5 terms
Performance Based Restricted Stock Unit financial
"Each Performance Based Restricted Stock Unit ("PRSU") represents a contingent right to receive one share"
restricted stock units financial
"Restricted stock units that vest in three equal annual installments."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Adjusted EBITDA financial
"Up to half of the PRSUs will vest if, and to the extent, the Company's Adjusted EBITDA meets or exceeds certain thresholds"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Russell 2000 Index-Oil Equipment and Services financial
"relative to the Russell 2000 Index-Oil Equipment and Services, measured over a performance period"
FAQ
What did FTK executive Christina Ibrahim report in this Form 4?
Christina M. Ibrahim reported equity awards, not open-market trades. She received performance-based restricted stock units and stock grants at $0.00 per share, increasing her direct holdings to 11,520 common shares and adding 8,357 performance-based units tied to future company performance.
How many Performance Based Restricted Stock Units did FTK grant to Ibrahim?
She was granted 8,357 Performance Based Restricted Stock Units. Each unit represents a contingent right to one share of Flotek common stock, subject to future Adjusted EBITDA and relative total shareholder return performance tests and a multi-year service requirement extending through December 31, 2028.
How do Ibrahim’s FTK performance-based units vest over time?
The performance-based restricted stock units may vest in two parts. Up to half vest based on Adjusted EBITDA performance from January 1, 2026 to December 31, 2027, and up to half vest based on relative total shareholder return through December 31, 2028, assuming continued employment through that date.
How do the time-based restricted stock units for FTK vest?
The restricted stock units vest in three equal annual installments. This structure spreads the compensation over several years, encouraging ongoing service with the company while gradually delivering shares as each annual vesting milestone is achieved under the award terms.