Forum Energy (FET) counsel gains stock from RSU vesting, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forum Energy Technologies EVP and General Counsel John C. Ivascu reported equity award activity involving restricted stock units and related tax withholding. On March 5, he acquired 7,607 shares of common stock through the vesting and conversion of 7,607 restricted stock units granted on March 5, 2025, and surrendered 2,993 shares of common stock at $57.7000 per share to cover taxes. On March 6, he acquired 7,088 shares of common stock from the vesting and conversion of 7,088 restricted stock units granted on March 6, 2024, and surrendered 2,789 shares of common stock at $57.1700 per share for tax obligations. After these transactions, he held 90,512 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,695 shares exercised/converted
Mixed
6 txns
Insider
IVASCU JOHN C
Role
EVP, General Counsel & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,088 | $0.00 | -- |
| Exercise | Common Stock | 7,088 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,789 | $57.17 | $159K |
| Exercise | Restricted Stock Units | 7,607 | $0.00 | -- |
| Exercise | Common Stock | 7,607 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,993 | $57.70 | $173K |
Holdings After Transaction:
Restricted Stock Units — 7,089 shares (Direct);
Common Stock — 93,301 shares (Direct)
Footnotes (1)
- Reflects the vesting of restricted stock units granted on March 5, 2025. These shares were surrendered to satisfy the tax obligations related to the settlement of the related equity award. Reflects the vesting of restricted stock units granted on March 6, 2024.
FAQ
What insider transactions did FET executive John C. Ivascu report?
John C. Ivascu reported RSU vesting and related tax share surrenders. He acquired common stock from restricted stock units converting into shares and surrendered a portion of those shares to satisfy tax obligations linked to the equity awards.
What is John C. Ivascu’s role at Forum Energy Technologies (FET)?
John C. Ivascu serves as Executive Vice President, General Counsel & Chief Compliance Officer at Forum Energy Technologies, Inc., and the reported Form 4 transactions relate to his equity compensation awards from the company.