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FLOWSERVE CORP — Director's Dealing 2024
Feb 20, 2024
30825_dirs_2024-02-20_8e43e1a0-f1a0-4821-94b9-1c72f20169a1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2024-02-15
Reporting Person: Rowe Robert Scott (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-15 | Common Stock | M | 30771 | — | Acquired | 382543 | Direct |
| 2024-02-15 | Common Stock | F | 12109 | $42.98 | Disposed | 370434 | Direct |
| 2024-02-16 | Common Stock | M | 76014 | — | Acquired | 446448 | Direct |
| 2024-02-16 | Common Stock | F | 29912 | $42.90 | Disposed | 416536 | Direct |
| 2024-02-16 | Common Stock | M | 26128 | — | Acquired | 442664 | Direct |
| 2024-02-16 | Common Stock | F | 10282 | $42.90 | Disposed | 432382 | Direct |
| 2024-02-17 | Common Stock | M | 28245 | — | Acquired | 460627 | Direct |
| 2024-02-17 | Common Stock | F | 11115 | $42.90 | Disposed | 449512 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-15 | Restricted Stock Units | $ | M | 29298 | Disposed | Common Stock (29298) | Direct | |
| 2024-02-16 | Restricted Stock Units | $ | M | 70793 | Disposed | Common Stock (70793) | Direct | |
| 2024-02-16 | Restricted Stock Units | $ | M | 24334 | Disposed | Common Stock (24334) | Direct | |
| 2024-02-17 | Restricted Stock Units | $ | M | 27633 | Disposed | Common Stock (27633) | Direct |
Footnotes
F1: 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.
F2: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares). The restricted stock units vest over a three-year period, with one-third vesting on the second anniversary of the grant and the remaining two-thirds vesting on the third anniversary of the grant.