Form 4: Forum Energy Technologies Executive Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Steven Pounds, SVP Operations at Forum Energy Technologies, reports the vesting of restricted stock units and subsequent stock transactions to cover tax obligations.
Summary
- On February 17, 2025, Steven Pounds, SVP Operations at Forum Energy Technologies, had restricted stock units vest, resulting in the acquisition of 1,078 shares.
- 481 shares were surrendered to cover tax obligations related to the vesting of these restricted stock units at a price of $19.37 per share.
- Additionally, 539 performance restricted stock units became earned on the same date.
- 240 shares were surrendered to cover tax obligations related to the vesting of these performance restricted stock units at a price of $19.37 per share.
- Following these transactions, Pounds directly owns 6,937 shares of common stock and 1,078 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the overall share structure.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of grant for restricted stock units that vested on February 17, 2025 |
| 02/17/2025 | Date of vesting of restricted stock units and performance restricted stock units, and related stock transactions. |
| 02/19/2025 | Date of Form 4 filing. |
Keywords
Form 4, insider trading, stock transaction, restricted stock units, Forum Energy Technologies, FET, Steven Pounds
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