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.