Kenneth I. Siegel - May 8, 2023 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 8, 2023
Transactions value $
$28,755
Form type
4
Date filed
5/9/2023, 05:58 PM
Previous filing
Mar 9, 2023
Next filing
May 30, 2023

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 $28.8K +810 +96.2% $35.50 1.65K May 8, 2023 Common Stock 810 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.