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