Flotek Industries Grants Equity Awards to CEO and CFO

Reuters11-22
Flotek Industries Grants Equity Awards to CEO and CFO

Flotek Industries Inc. has approved new equity award grants for its Chief Executive Officer, Dr. Ryan Ezell, and Chief Financial Officer, J. Bond Clement. Dr. Ezell will receive 39,532 restricted stock units (RSUs) and 59,298 performance-based restricted stock units (PRSUs), while Mr. Clement will receive 17,969 RSUs and 26,953 PRSUs. The RSUs will vest in three equal annual installments starting one year from the grant date. Up to half of the PRSUs may vest based on the company's EBITDA performance for 2026, with the remaining half tied to Flotek's total shareholder return relative to the Russell 2000 Index - Oil Equipment and Services sector over a two-year period ending December 31, 2027.

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