FLOWSERVE CORP — Director's Dealing 2022

Mar 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2022-02-28

Reporting Person: Rowe Robert Scott (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-28	Common Stock	M	23402	—	Acquired	260235	Direct
2022-02-28	Common Stock	F	9209	$30.37	Disposed	251026	Direct
2022-02-28	Common Stock	M	1452	—	Acquired	252478	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-28	Restricted Stock Units	$	M	21894	Disposed		Common Stock (21894.0)	Direct

Footnotes

F1: In connection with the vesting of certain Performance Rights on February 15, 2022, the issuer incorrectly calculated Mr. Rowe's tax withholding obligation and inadvertently withheld an additional 1,452 shares of Common Stock. On March 2, 2022, the issuer corrected this error by crediting Mr. Rowe's brokerage account with the 1,452 shares of common stock that were over-withheld.

F2: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.