FORUM ENERGY TECHNOLOGIES, INC. — Director's Dealing 2023

Feb 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK: 0001401257
Period of Report: 2023-02-17

Reporting Person: Lux Neal (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-18	Common Stock	M	15840	—	Acquired	107005	Direct
2023-02-18	Common Stock	F	6375	$31.70	Disposed	100630	Direct
2023-02-18	Common Stock	M	15840	—	Acquired	116470	Direct
2023-02-18	Common Stock	F	6233	$31.70	Disposed	110237	Direct
2023-02-19	Common Stock	M	7982	—	Acquired	118219	Direct
2023-02-19	Common Stock	M	7982	$31.70	Disposed	110237	Direct
2023-02-19	Common Stock	F	3140	$31.70	Disposed	107097	Direct
2023-02-21	Common Stock	F	884	$31.78	Disposed	106213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-17	Phantom Restricted Stock Units	$	A	41799	Acquired		Common Stock (41799.0)	Direct
2023-02-18	Phantom Restricted Stock Units	$	M	15840	Disposed		Common Stock (15840.0)	Direct
2023-02-18	Performance Restricted Stock Units	$	M	15840	Disposed		Common Stock (15840.0)	Direct
2023-02-19	Phantom Restricted Stock Units	$	M	7982	Disposed		Common Stock (7982.0)	Direct

Footnotes

F1: Reflects the vesting of restricted stock units granted on February 18, 2022.

F2: These shares were surrendered to satisfy the tax obligations related to the vesting of a phantom restricted stock unit award granted on February 18, 2022.

F3: Reflects the vesting of performance restricted stock units granted on February 18, 2022.

F4: These shares were surrendered to satisfy the tax obligations related to the vesting of performance restricted stock units granted on February 18, 2022.

F5: Reflects the vesting and cash settlement of phantom stock units granted on February 19, 2021.

F6: These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 19, 2021.

F7: These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 21, 2020.

F8: 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, or cash in lieu thereof, 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 (2/17/2023). The Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. 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.