0001401257-22-000014.txt : 20220222
0001401257-22-000014.hdr.sgml : 20220222
20220222152505
ACCESSION NUMBER: 0001401257-22-000014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220217
FILED AS OF DATE: 20220222
DATE AS OF CHANGE: 20220222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lux Neal
CENTRAL INDEX KEY: 0001812312
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35504
FILM NUMBER: 22657791
MAIL ADDRESS:
STREET 1: 10344 SAM HOUSTON PARK DRIVE
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77064
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FORUM ENERGY TECHNOLOGIES, INC.
CENTRAL INDEX KEY: 0001401257
STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
IRS NUMBER: 611488595
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10344 SAM HOUSTON PARK DRIVE
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77064
BUSINESS PHONE: 281-949-2500
MAIL ADDRESS:
STREET 1: 10344 SAM HOUSTON PARK DRIVE
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77064
FORMER COMPANY:
FORMER CONFORMED NAME: FORUM OILFIELD TECHNOLOGIES, INC.
DATE OF NAME CHANGE: 20100726
FORMER COMPANY:
FORMER CONFORMED NAME: FORUM OILFIELD TECHNOLOGIES INC
DATE OF NAME CHANGE: 20070529
4
1
wf-form4_164556148642204.xml
FORM 4
X0306
4
2022-02-17
0
0001401257
FORUM ENERGY TECHNOLOGIES, INC.
FET
0001812312
Lux Neal
10344 SAM HOUSTON PARK DRIVE
SUITE 300
HOUSTON
TX
77064
0
1
0
0
President & CEO
Common Stock
2022-02-17
4
M
0
608
0
A
97641
D
Common Stock
2022-02-17
4
F
0
240
19.25
D
97401
D
Common Stock
2022-02-19
4
F
0
3384
18.94
D
94017
D
Common Stock
2022-02-19
4
M
0
7983
A
102000
D
Common Stock
2022-02-19
4
M
0
7983
18.94
D
94017
D
Common Stock
2022-02-21
4
F
0
885
18.94
D
93132
D
Performance Shares
2022-02-17
4
M
0
1520
0
D
2021-12-31
Common Stock
608.0
0
D
Phantom Restricted Stock Units
2022-02-18
4
A
0
47519
0
A
Common Stock
47519.0
47519
D
Performance Restricted Stock Units
2022-02-18
4
A
0
47519
0
A
Common Stock
47519.0
47519
D
Phantom Stock Units
2022-02-19
4
M
0
7983
0
D
Phantom Stock Units
7983.0
15965
D
Reflects the vesting of performance shares granted in February of 2019, which were earned at 40% of target.
These shares were surrendered to satisfy tax obligations related to the vesting of performance shares granted on February 15, 2019.
These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 19, 2021.
Represents the cash settlement of a portion of phantom stock units granted on February 19, 2021 and that vested on February 19, 2022.
These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 21, 2020.
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)
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.
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)
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.
/s/ Neal Lux by John C. Ivascu as Attorney-in-Fact
2022-02-22