Sujeet Chand - 20 May 2021 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role
Director
Signature
/s/ Akshar C. Patel, attorney-in-fact
Issuer symbol
FLS
Transactions as of
20 May 2021
Transactions value $
$149,972
Form type
4
Filing time
24 May 2021, 16:39:05
Previous filing
20 May 2021
Next filing
10 Aug 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FLS Phantom Stock Award $150K +3.59K +56.46% $41.81 9.94K 20 May 2021 Common Stock 3.59K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of common stock, and represents director compensation deferred in the form of common stock pursuant to the issuer's deferred compensation plan.
F2 The shares of phantom stock become payable in the form of common stock upon the reporting person's termination of service as a member of the issuer's board of directors.