Form 4: Forum Energy Technologies CEO Neal Lux Reports Stock Transactions

Neal Lux, President & CEO of Forum Energy Technologies, reports transactions involving common stock and restricted stock units.

Summary

• On February 17, 2025, Neal Lux vested 13,933 restricted stock units and 6,967 performance restricted stock units, both granted on February 17, 2023.
• He surrendered 5,734 shares and 2,741 shares on February 17, 2025, at a price of $19.37 to cover tax obligations related to the vesting of the restricted stock units and performance restricted stock units respectively.
• On February 18, 2025, Lux vested 15,840 phantom restricted stock units granted on February 18, 2022.
• He surrendered 6,233 shares on February 18, 2025, at a price of $19.87 to cover tax obligations related to the vesting of the phantom restricted stock units.
• Following these transactions, Lux directly owns 176,922 shares of common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity and shares being surrendered for tax purposes.

Key Dates

Keywords

Form 4, insider trading, stock transactions, restricted stock units, phantom restricted stock units, Neal Lux, Forum Energy Technologies, FET