secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000928054-24-000101
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flotek grants 90,000 RSUs and 90,000 PRSUs to CEO and CFO
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- CEO Dr. Ryan Ezell awarded 60,000 RSUs and 60,000 PRSUs.
- CFO J. Bond Clement awarded 30,000 RSUs and 30,000 PRSUs.
- RSUs vest in three equal annual installments starting first anniversary.
- PRSUs vest 50% on 2025 AEBITDA threshold; 50% on stock price threshold by Dec 31, 2025.
- Awards granted under Flotek's 2018 Long-Term Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805424000101/0000928054-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805424000101/usgaap-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000928054-24-000101

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