John R. Friedery - May 20, 2021 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role: Director
Signature: /s/ Akshar C. Patel, attorney-in-fact
Stock symbol: FLS
Transactions as of: May 20, 2021
Transactions value $: $149,972
Form type: 4
Date filed: 5/24/2021, 04:41 PM
Next filing: May 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLS	Common Stock	Award	$150K	+3.59K	+33.64%	$41.81	14.3K	May 20, 2021	Direct	F1

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
holding	FLS	Phantom Stock						43.1K	May 20, 2021	Common Stock	43.1K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the annual restricted stock grant for the director under the Flowserve Long-Term Incentive Plan. The shares vest on May 20, 2022.
F2	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.
F3	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.