Form 4 for FET FORUM ENERGY TECHNOLOGIES, INC.
Accepted 2022-02-22 00:00:00 ET · period of report 2022-02-17 · accession 0001401257-22-000015 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-22 | 2022-02-17+ | FET | Williams David Lyle Jr. | EVP, CFO | F - Tax | $18.96 | -4,565 | 49.5K | -8% | -$86.6K |
| DM | 2022-02-22 | 2022-02-17+ | FET | Williams David Lyle Jr. | EVP, CFO | M - OptEx | $17.22 | +797 | 58.5K | +1% | +$13.7K |
| DM | 2022-02-22 | 2022-02-17+ | FET | Williams David Lyle Jr. | EVP, CFO | M - OptEx | $0.00 | -9,974 | 16.0K | -38% | $0 |
| DM | 2022-02-22 | 2022-02-18 | FET | Williams David Lyle Jr. | EVP, CFO | A - Grant | $0.00 | +52.8K | 26.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-17 | F | D | 298 | $19.25 | 53,782 | D | — | — | (F2) These shares were surrendered to satisfy tax obligations related to the vesting of performance shares granted on February 15, 2019. |
| 2 | Common | Common Stock | 2022-02-19 | F | D | 3,216 | $18.94 | 50,566 | D | — | — | (F3) These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 19, 2021. |
| 3 | Common | Common Stock | 2022-02-19 | M | D | 7,983 | $18.94 | 50,566 | D | — | — | (F4) Represents the cash settlement of a portion of phantom stock units granted on February 19, 2021 and that vested on February 19, 2022. |
| 4 | Common | Common Stock | 2022-02-21 | F | D | 1,051 | $18.94 | 49,515 | D | — | — | (F5) These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 21, 2020. |
| 5 | Common | Common Stock | 2022-02-17 | M | A | 797 | $0.00 | 54,080 | D | — | — | (F1) Reflects the vesting of performance shares granted in February of 2019, which were earned at 40% of target. |
| 6 | Common | Common Stock | 2022-02-19 | M | A | 7,983 | — | 58,549 | D | — | — | (F4) Represents the cash settlement of a portion of phantom stock units granted on February 19, 2021 and that vested on February 19, 2022. |
| 7 | Derivative | Performance Shares | 2022-02-17 | M | D | 1,991 | $0.00 | 0 | D | — · — to 2021-12-31 | 797 Common Stock | (F1) Reflects the vesting of performance shares granted in February of 2019, which were earned at 40% of target. |
| 8 | Derivative | Phantom Restricted Stock Units | 2022-02-18 | A | A | 26,400 | $0.00 | 26,400 | D | — · — to — | 26,400 Common Stock | (F6) The Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the Units actually outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person. (F7) Represents an award of restricted stock units (the "Units") granted pursuant to the Company's Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive one share of Common Stock, upon the vesting of the Units. The Units vest according to the following schedule: 1/3 vest on each of the first, second, and third anniversaries of the date of grant (2/18/2022). The Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. (continued on footnote 7) |
| 9 | Derivative | Performance Restricted Stock Units | 2022-02-18 | A | A | 26,400 | $0.00 | 26,400 | D | — · — to — | 26,400 Common Stock | (F8) Tranche 1: grant date through the third anniversary of the grant date; Tranche 2: first anniversary of the grant date through the third anniversary of the grant date; Tranche 3: second anniversary of the grant date through the third anniversary of the grant date. Any earned units also vest based on continuous service according to the following schedule: 1/3 on each of the first, second, and third anniversaries of the grant date. Vesting for any tranche will occur on the applicable anniversary date on or following satisfaction of the minimum price threshold condition. The units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. (F9) Represents an award of performance-based units granted pursuant to the Plan. Each unit represents a contingent right to receive one share of the Company's Common Stock, upon the vesting of the units. There are two conditions for vesting of each tranche: (i) achieving a minimum stock price threshold and (ii) continuous service. In respect of the minimum stock price threshold, the closing price of the Company's Common Stock must equal or exceed a threshold price of $23.68, which is 125% of the Company's closing stock price on the grant date, for a total of twenty trading days during the following time periods: (continued on footnote 9) |
| 10 | Derivative | Phantom Stock Units | 2022-02-19 | M | D | 7,983 | $0.00 | 15,965 | D | — · — to — | 7,983 Phantom Stock Units | (F4) Represents the cash settlement of a portion of phantom stock units granted on February 19, 2021 and that vested on February 19, 2022. |