Form 4: Forum Energy Technologies VP Awarded Restricted Stock Units

Katherine Campbell Keller, VP & Chief Accounting Officer of Forum Energy Technologies, receives awards of restricted stock units and performance restricted stock units.

Summary

• Katherine Campbell Keller, VP & Chief Accounting Officer of Forum Energy Technologies, was granted restricted stock units (RSUs) and performance restricted stock units (PRSUs) on March 5, 2025.
• The RSU award consists of 7,844 units, vesting in three equal installments on the first, second, and third anniversaries of the grant date.
• These RSUs also include dividend equivalent rights.
• The PRSU award consists of 3,000 units, vesting upon achieving a minimum stock price threshold of $21.91 for 20 consecutive trading days prior to March 5, 2028.
• Both RSU and PRSU grants are made under the company's Second Amended and Restated 2016 Stock and Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The performance-based component adds a slightly positive element.

Positives

• The grant of RSUs and PRSUs aligns the executive's interests with those of the shareholders.
• The performance-based vesting of PRSUs incentivizes stock price appreciation.

Risks

• The PRSUs may not vest if the stock price does not reach the specified threshold by the vesting date.

Future Outlook

The vesting of the RSUs and PRSUs is contingent upon continued service and, in the case of PRSUs, the achievement of a specific stock price target.

Industry Context

Granting stock-based compensation is a common practice in the energy industry to attract, retain, and incentivize key executives.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies, including Forum Energy Technologies' competitors such as Schlumberger, Halliburton, and Baker Hughes.
• The specific terms of the RSU and PRSU grants, such as vesting schedules and performance targets, are tailored to Forum Energy Technologies' specific circumstances and strategic goals.
• Comparing the total equity compensation awarded to executives at Forum Energy Technologies with that of its peers would require a more comprehensive analysis of the company's compensation policies and financial performance.

Stakeholder Impact

• Shareholders may view the equity grants positively as they incentivize management to improve company performance and increase shareholder value.
• Employees may see the grants as a sign of the company's commitment to its leadership team.

Key Dates