Form 4: Forum Energy Technologies CFO Sells Shares to Cover Tax Obligations

Forum Energy Technologies' CFO, David Lyle Williams Jr., sold 3,348 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• David Lyle Williams Jr., the EVP and CFO of Forum Energy Technologies, sold 3,348 shares of common stock on January 24, 2025.
• The sale was executed at a price of $18.54 per share.
• This transaction was to satisfy tax obligations related to the vesting of restricted stock units granted on January 24, 2024.
• Following the transaction, Mr. Williams directly owns 66,492 shares of Forum Energy Technologies common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Many companies use restricted stock units as part of their compensation packages, which often result in similar tax-related sales.
• The sale by the CFO is consistent with standard practices for executives managing their equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, insider trading, stock sale, tax obligations, restricted stock units, Forum Energy Technologies, FET, David Lyle Williams Jr., CFO