Form 4: FORUM ENERGY TECHNOLOGIES Director Mark Smith Acquires Restricted Stock Award

Mark W. Smith, a Director at Forum Energy Technologies, Inc. (FET), acquired 3,855 shares of common stock as a restricted stock award on June 13, 2025, valued at $19.46 per share.

Summary

• Mark W. Smith, a Director of Forum Energy Technologies, Inc. (FET), acquired 3,855 shares of common stock.
• The transaction occurred on June 13, 2025.
• The shares were acquired as a restricted stock award under the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan.
• Each share of restricted stock has a par value of $0.01 and was valued at $19.46 per share at the time of acquisition.
• The restricted stock award is subject to transferability and other restrictions that will lapse upon vesting.
• The award is scheduled to vest in full on the one-year anniversary of the grant date, which would be June 13, 2026.
• The restricted stock agreement includes dividend and voting rights for the holder.
• Accelerated vesting of the entire award will occur upon a Change in Control, as defined in the Plan.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock by a director, while part of a compensation plan, generally indicates alignment of interests and confidence in the company's future performance, contributing to a moderately positive sentiment.

Positives

• The acquisition of restricted stock by a director aligns management's interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The award is part of an established incentive plan, indicating a structured approach to executive compensation and retention.

Risks

• The value of the restricted stock award is subject to market fluctuations of Forum Energy Technologies, Inc. common stock.
• The award is subject to vesting conditions; if the director ceases to be a director before the vesting date, the unvested shares may be forfeited, unless accelerated vesting conditions (like a Change in Control) are met.

Future Outlook

The restricted stock award is set to vest in full on the one-year anniversary of the grant date (June 13, 2026), subject to continued service. There is also a provision for accelerated vesting of the entire award upon a Change in Control, as defined in the company's plan.

Industry Context

Equity compensation, such as restricted stock awards, is a common practice across various industries, including the energy sector, to incentivize and retain key personnel, aligning their financial interests with the long-term performance of the company.

Corporate Governance

Related Party Transactions

• The transaction involves the issuance of equity to a director, which is a related party transaction, but it is a standard form of compensation under an approved incentive plan.

Stakeholder Impact

• Shareholders: The award aligns the director's financial interests with shareholder value, as the restricted stock's value is tied to the company's stock performance.
• Employees/Management: This transaction is a form of equity compensation, which is a common tool for attracting, retaining, and motivating key personnel.

Next Steps

• Vesting of the 3,855 restricted shares on June 13, 2026, assuming continued service.

Key Dates

Keywords

Forum Energy Technologies, FET, Mark Smith, Director, Restricted Stock, Stock Award, Insider Trading, SEC Form 4, Equity Compensation, Corporate Governance, Energy Sector