Form 4: Forum Energy Technologies SVP Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Mark Brookes, SVP of Forum Energy Technologies, reports stock transactions related to the vesting of restricted stock units, including acquisitions and disposals to cover tax obligations.
Summary
- On February 17, 2025, Mark Brookes, SVP of Forum Energy Technologies, engaged in transactions involving common stock due to the vesting of restricted stock units.
- Brookes acquired 1,078 shares upon the vesting of restricted stock units granted on February 17, 2023.
- He then surrendered 319 shares 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 granted on February 17, 2023, became earned, resulting in the acquisition of 539 shares.
- A further 159 shares were surrendered to satisfy tax obligations related to the vesting of these performance restricted stock units at a price of $19.37 per share.
- Following these transactions, Brookes directly owns 8,818 shares of common stock and 1,078 phantom restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Positives
- The vesting of restricted stock units and performance restricted stock units indicates that Brookes has met certain performance criteria or time-based milestones set by the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the normal course of executive compensation and do not indicate a significant change in company strategy or performance.
Key Dates
| Date | Description |
|---|---|
| February 17, 2023 | Date of grant for restricted stock units and performance restricted stock units. |
| February 17, 2025 | Date of vesting and transactions related to restricted stock units and performance restricted stock units. |
| February 19, 2025 | Date of Form 4 filing. |
Keywords
Form 4, insider trading, stock options, restricted stock units, FET, Forum Energy Technologies, Mark Brookes, SVP, vesting, tax obligations
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