Companies Forum Energy Technologies
Forum Energy Technologies (FET): executive pay, fiscal 2025
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CEO pay, last three years
- $4,455,101FY2023
- $5,049,661FY2024
- $6,163,337FY2025
CEO total pay was $6,163,337 in fiscal 2025, up from $5,049,661 in fiscal 2024.
FY2025: salary $717,769 · bonus $0 · stock awards $4,232,105 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Neal Lux | $717,769 | $0 | $4,232,105 | $0 | $1,196,463 | $0 | $17,000 | $6,163,337 |
| President and Chief Executive Officer | ||||||||
| D. Lyle Williams | 502,385 | 0 | 1,762,349 | 0 | 619,408 | 0 | 17,500 | 2,901,642 |
| EVP and Chief Financial Officer | ||||||||
| John Ivascu | 398,490 | 0 | 1,079,218 | 0 | 473,304 | 0 | 17,000 | 1,968,012 |
| EVP, General Counsel, Chief Compliance Officer and Corporate Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Neal Lux | $6,163,337 | $5,049,661 | $4,455,101 | ↑ +1,113,676 |
| D. Lyle Williams | 2,901,642 | 2,539,686 | 2,380,175 | ↑ +361,956 |
| John Ivascu | 1,968,012 | 1,798,629 | 1,547,084 | ↑ +169,383 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The executive compensation program is designed to attract and retain talented executive officers, and align their interests with those of stockholders over the long term, while holding management accountable for financial results and high standards of ethical conduct and operational safety.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Neal Lux | PRSU | — | — | — | 46,350 | — | — |
| John Ivascu | RSU | — | — | — | 22,819 | — | — |
| John Ivascu | PRSU | — | — | — | 11,410 | — | — |
| Neal Lux | RSU | — | — | — | 92,699 | — | — |
| D. Lyle Williams | PRSU | — | — | — | 18,540 | — | — |
| D. Lyle Williams | RSU | — | — | — | 37,080 | — | — |
Vehicle mix — grant-date fair value by award type
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| John Ivascu | RSU | 3,943 | — | $145,694 |
| D. Lyle Williams | RSU | 6,835 | — | 252,553 |
| John Ivascu | RSU | 6,900 | — | 254,955 |
| John Ivascu | RSU | 7,608 | — | 281,116 |
| D. Lyle Williams | RSU | 11,961 | — | 441,959 |
| D. Lyle Williams | RSU | 12,360 | — | 456,702 |
| Lux | RSU | 13,933 | — | 514,824 |
| John Ivascu | RSU | 14,176 | — | 523,803 |
| John Ivascu | RSU | 14,177 | — | 523,840 |
| John Ivascu | PSU | 14,178 | — | 523,877 |
| John Ivascu | RSU | 15,000 | — | 554,250 |
| John Ivascu | PSU | 15,212 | — | 562,083 |
| John Ivascu | RSU | 22,819 | — | 843,162 |
| D. Lyle Williams | PSU | 23,038 | — | 851,254 |
| D. Lyle Williams | RSU | 23,038 | — | 851,254 |
| Lux | RSU | 24,383 | — | 900,952 |
| D. Lyle Williams | PSU | 24,720 | — | 913,404 |
| D. Lyle Williams | RSU | 25,000 | — | 923,750 |
| Lux | RSU | 30,900 | — | 1,141,755 |
| D. Lyle Williams | RSU | 37,080 | — | 1,370,106 |
| Lux | RSU | 50,000 | — | 1,847,500 |
| Lux | PSU | 57,594 | — | 2,128,098 |
| Lux | RSU | 57,594 | — | 2,128,098 |
| Lux | PSU | 61,800 | — | 2,283,510 |
| Lux | RSU | 92,699 | — | 3,425,228 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Michael McShaneIndependent · Compensation | $157,500 | $150,004 | — | — | $0 | $307,504 |
| Evelyn M. AngelleIndependent · Audit (Chair) · Nominating, Governance and Sustainability | 95,000 | 150,004 | — | — | 0 | 245,004 |
| John A. CarrigIndependent · Audit · Nominating, Governance and Sustainability (Chair) | 90,000 | 150,004 | — | — | 0 | 240,004 |
| Paul E. Rowsey IIIIndependent · Audit · Compensation | 87,500 | 150,004 | — | — | 0 | 237,504 |
| Louis A. Raspino JrIndependent · Compensation (Chair) · Newly elected | 85,000 | 150,004 | — | — | 0 | 235,004 |
| Leslie A. BeyerIndependent · Compensation · Nominating, Governance and Sustainability · Newly elected | 174,375 | 0 | — | — | 0 | 174,375 |
| Mark W. SmithIndependent · Audit · Compensation · Newly elected | 43,750 | 75,018 | — | — | 0 | 118,768 |
| Aron H. MarquezIndependent · Compensation · Nominating, Governance and Sustainability · Newly elected | 41,250 | 75,018 | — | — | 0 | 116,268 |
| C. Christopher GautIndependent · Departed during FY | 105,000 | 0 | — | — | 5,864 | 110,864 |
| Mr. LuxEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $70,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | $210,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $879,375 |
| Equity awards (grant-date value) | $900,056 |
| All other compensation | $5,864 |
| Total cost of the board | $1,785,295 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Forum Energy Technologies as a peer
Companies that benchmark against FET
13 companies name FET as a compensation peer
The list of companies that name FET as a peer is temporarily unavailable — recheck shortly.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Forum Energy Technologies | 2025 | Neal Lux | $717,769 | $4,232,105 | $0 | $1,196,463 | $6,163,337 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-08 | 7,520,299 | 155,102 | 7,152 | 97.98% | Passed |
| 2025 | 2025-05-09 | 6,858,861 | 604,145 | 21,659 | 91.9% | Passed |
| 2024 | 2024-05-10 | 7,730,508 | 116,878 | 68,404 | 97.66% | Passed |
| 2023 | 2023-05-12 | 5,185,800 | 319,296 | 73,173 | 92.96% | Passed |
| 2022 | 2022-05-10 | 1,853,425 | 96,815 | 132 | 95.03% | Passed |
| 2021 | 2021-05-11 | 2,352,005 | 258,570 | 10,494 | 89.73% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-08 | 97.98%a |
| 2025 | 2025-05-09 | 91.9%b |
| 2024 | 2024-05-10 | 97.66%c |
a. Approved under the standard stated in the filing — “Because the three nominees for director who receive the greatest number of votes cast at the meeting will be elected, abstentions will not affect the outcome of the voting on Proposal 1.”.
b. Approved under the standard stated in the filing — “Because the two nominees for director who receive the greatest number of votes cast at the meeting will be elected, abstentions will not affect the outcome of the voting on Proposal 1.”.
c. Approved under the standard stated in the filing — “Because the approval of the compensation of our named executive officers on an advisory basis, the approval of the amendment to our Second Amended and Restated 2016 Stock and Incentive Plan and the ratification of the appointment of our independent registered public accounting firm requires the approval of a majority in voting power of the shares of common stock present in person or by proxy at the meeting and entitled to vote on the applicable matter, abstentions will have the same effect as votes against these proposals.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 56 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | $58,350 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (26 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Neal Lux. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · page 31. As printed: 6,163,337. View filing ↗
- Section 01, D. Lyle Williams. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 2,901,642. View filing ↗
- Section 01, John Ivascu. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 1,968,012. View filing ↗
- Section 03, Neal Lux PRSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Ivascu RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Ivascu PRSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Neal Lux RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, D. Lyle Williams PRSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, D. Lyle Williams RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2020-04-02. Section “CEO Pay Ratio”. As printed: 56 : 1. View filing ↗
- Section 08, Michael McShane. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 307,504. View filing ↗
- Section 08, Evelyn M. Angelle. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 245,004. View filing ↗
- Section 08, John A. Carrig. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 240,004. View filing ↗
- Section 08, Paul E. Rowsey III. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 237,504. View filing ↗
- Section 08, Louis A. Raspino Jr. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 235,004. View filing ↗
- Section 08, Leslie A. Beyer. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 174,375. View filing ↗
- Section 08, Mark W. Smith. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 118,768. View filing ↗
- Section 08, Aron H. Marquez. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 116,268. View filing ↗
- Section 08, C. Christopher Gaut. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 110,864. View filing ↗
- Section 08, Mr. Lux. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-12. Item 5.07 · say-on-pay result. As reported: 97.98% (votes for as printed: 7,520,299). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-13. Item 5.07 · say-on-pay result. As reported: 91.9% (votes for as printed: 6,858,861). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-15. Item 5.07 · say-on-pay result. As reported: 97.66% (votes for as printed: 7,730,508). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 879,375 + equity 900,056 + all other 5,864 = 1,785,295, summed across the director compensation table rows.
- Forum Energy Technologies (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Forum Energy Technologies's own proxy. As printed: 6,163,337. View filing ↗