Gayla J. Delly - May 13, 2022 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role
Director
Signature
/s/ Shakeeb U. Mir, attorney-in-fact
Stock symbol
FLS
Transactions as of
May 13, 2022
Transactions value $
$149,997
Form type
4
Date filed
5/13/2022, 04:21 PM
Previous filing
Apr 21, 2022
Next filing
Dec 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLS Common Stock Award $150K +5.15K +58.65% $29.12 13.9K May 13, 2022 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 46K May 13, 2022 Common Stock 46K 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 12, 2023.
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.