Sujeet Chand - 12 May 2022 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role
Director
Signature
/s/ Shakeeb U. Mir, attorney-in-fact
Issuer symbol
FLS
Transactions as of
12 May 2022
Transactions value $
$149,997
Form type
4
Filing time
13 May 2022, 16:33:16 UTC
Previous filing
14 Dec 2021
Next filing
17 May 2022
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 +5.15K +51.82% $29.12 15.1K 12 May 2022 Common Stock 5.15K 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.