secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0000928054-23-000221
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flotek grants performance-based options and RSUs to CEO and CFO
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- CEO Ryan Ezell granted ~62,881 options and ~13,974 RSUs; CFO Bond Clement granted ~45,732 options and ~10,163 RSUs.
- Options vest based on cumulative AEBITDA thresholds for 2023-2026; exercise price equals fair market value at grant date.
- RSUs vest in three equal annual installments starting on first anniversary of grant date (Dec 5, 2023).
- Awards made under the 2023 Management Long-Term Incentive Plan and the 2018 LTIP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000221/0000928054-23-000221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000221/usgaap-20231205.htm
  HTML page:      https://secwatch.observer/filing/0000928054-23-000221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer