Keith E. Gillespie - 20 Feb 2023 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role: SVP, Chief Sales Officer
Signature: /s/ Shakeeb U. Mir, attorney-in-fact
Issuer symbol: FLS
Transactions as of: 20 Feb 2023
Net transactions value: -$19,883
Form type: 4
Filing time: 22 Feb 2023, 15:13:41 UTC
Previous filing: 23 Feb 2023
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	+2,274	+2.9%	$0.000000	81,047	20 Feb 2023	Direct
transaction	FLS	Common Stock	Tax liability	$19,883	-554	-0.68%	$35.89	80,493	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	-2,103	-13%	$0.000000	13,908	20 Feb 2023	Common Stock	2,103		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.