Amy B. Schwetz - 20 Feb 2022 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role: Chief Financial Officer
Signature: /s/ Shakeeb U. Mir, attorney-in-fact
Issuer symbol: FLS
Transactions as of: 20 Feb 2022
Net transactions value: -$139,269
Form type: 4
Filing time: 22 Feb 2022, 16:50:07 UTC
Previous filing: 17 Feb 2022
Next filing: 04 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLS	Common Stock	Options Exercise	$0	+5,531	+50%	$0.000000	16,558	20 Feb 2022	Direct
transaction	FLS	Common Stock	Tax liability	$68,512	-2,137	-13%	$32.06	14,421	20 Feb 2022	Direct
transaction	FLS	Common Stock	Options Exercise	$0	+5,713	+40%	$0.000000	20,134	20 Feb 2022	Direct
transaction	FLS	Common Stock	Tax liability	$70,756	-2,207	-11%	$32.06	17,927	20 Feb 2022	Direct

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	Restricted Stock Units	Options Exercise	$0	-5,257	-6.6%	$0.000000	74,962	20 Feb 2022	Common Stock	5,257		Direct	F1
transaction	FLS	Restricted Stock Units	Options Exercise	$0	-5,430	-7.2%	$0.000000	69,532	20 Feb 2022	Common Stock	5,430		Direct	F1

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

Explanation of Responses:

Id	Content
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.