Forum Energy Technologies (FET) SVP Danford logs RSU vesting and tax share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forum Energy Technologies SVP & CHO Michael Dewayne Danford reported equity award activity in common stock and restricted stock units. On March 5 and 6, RSUs vested and converted into a total of 7,348 shares of common stock, while 2,890 shares were surrendered to cover related tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,348 shares exercised/converted
Mixed
6 txns
Insider
Danford Michael Dewayne
Role
SVP & CHO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,544 | $0.00 | -- |
| Exercise | Common Stock | 3,544 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,394 | $57.17 | $80K |
| Exercise | Restricted Stock Units | 3,804 | $0.00 | -- |
| Exercise | Common Stock | 3,804 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,496 | $57.70 | $86K |
Holdings After Transaction:
Restricted Stock Units — 3,544 shares (Direct);
Common Stock — 58,533 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 did FET executive Michael Dewayne Danford report in this Form 4?
He reported RSU vesting and related common stock activity. Restricted stock units vested and were converted into shares, and portions of the resulting common stock were surrendered to satisfy tax obligations tied to those equity awards.
How many Forum Energy Technologies (FET) RSUs vested for Michael Danford?
A total of 7,348 restricted stock units vested across two dates. This includes 3,804 RSUs vesting from a March 5, 2025 grant and 3,544 RSUs vesting from a March 6, 2024 grant, each converting into the same number of common shares.
What is Michael Danford’s FET common stock holding after these transactions?
After the reported transactions, his direct holding stands at 57,139 common shares. This figure reflects RSU conversions into stock and share surrenders for taxes recorded on March 5 and March 6 in the Form 4 filing.
Were Michael Danford’s FET transactions open-market buys or sells?
No, they were not open-market trades. The Form 4 shows RSU vesting and derivative conversions, with code F transactions indicating shares delivered back to satisfy tax liabilities associated with those equity awards, rather than discretionary market purchases or sales.
What roles does Michael Danford hold at Forum Energy Technologies (FET)?
He serves as Senior Vice President and Chief Human Resources Officer. His Form 4 classification identifies him as an officer, reflecting a key leadership role within Forum Energy Technologies connected to personnel and organizational oversight.