Form 4: Forum Energy Technologies Director, C. Christopher Gaut, Reports Acquisition of Restricted Stock

Director C. Christopher Gaut reports acquisition of 7,975 shares of restricted stock in Forum Energy Technologies, Inc.

Summary

• On March 6, 2024, C. Christopher Gaut, a director of Forum Energy Technologies, Inc., reported acquiring 7,975 shares of common stock.
• These shares were awarded as restricted stock under the company's 2016 Second Amended and Restated Stock and Incentive Plan.
• The restricted stock vests in full on the one-year anniversary of the grant date, subject to accelerated vesting upon a Change in Control.
• Following the transaction, Gaut beneficially owns 262,413 shares of Forum Energy Technologies, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with the company's performance.

Positives

• The acquisition of restricted stock aligns the director's interests with the company's long-term performance.
• The vesting schedule incentivizes continued service and commitment to the company's success.

Future Outlook

The restricted stock award vests in full on the one year anniversary of the date of grant, subject to accelerated vesting of the entire award upon a Change in Control (as defined in the Plan).

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates