Elizabeth Burger - 20 Feb 2023 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Signature
/s/ Shakeeb U. Mir, attorney-in-fact
Issuer symbol
FLS
Transactions as of
20 Feb 2023
Net transactions value
-$39,048
Form type
4
Filing time
22 Feb 2023, 15:11:03 UTC
Previous filing
23 Feb 2023
Next filing
13 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLS Common Stock Options Exercise $0 +2,841 +8.5% $0.000000 36,179 20 Feb 2023 Direct
transaction FLS Common Stock Tax liability $39,048 -1,088 -3% $35.89 35,091 20 Feb 2023 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 -2,627 -8.1% $0.000000 29,658 20 Feb 2023 Common Stock 2,627 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.