Robert Scott Rowe - Feb 15, 2024 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role
President & CEO, Director
Signature
/s/ Shakeeb U. Mir, attorney-in-fact
Stock symbol
FLS
Transactions as of
Feb 15, 2024
Transactions value $
-$2,721,601
Form type
4
Date filed
2/20/2024, 04:26 PM
Previous filing
Feb 13, 2024
Next filing
May 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction FLS Common Stock +Options Exercise $0 +30,771 +8.75% $0.00 382,543 Feb 15, 2024 Direct
transaction FLS Common Stock -Tax liability -$520,445 -12,109 -3.17% $42.98 370,434 Feb 15, 2024 Direct
transaction FLS Common Stock +Options Exercise $0 +76,014 +20.52% $0.00 446,448 Feb 16, 2024 Direct
transaction FLS Common Stock -Tax liability -$1,283,225 -29,912 -6.7% $42.90 416,536 Feb 16, 2024 Direct
transaction FLS Common Stock +Options Exercise $0 +26,128 +6.27% $0.00 442,664 Feb 16, 2024 Direct
transaction FLS Common Stock -Tax liability -$441,098 -10,282 -2.32% $42.90 432,382 Feb 16, 2024 Direct
transaction FLS Common Stock +Options Exercise $0 +28,245 +6.53% $0.00 460,627 Feb 17, 2024 Direct
transaction FLS Common Stock -Tax liability -$476,834 -11,115 -2.41% $42.90 449,512 Feb 17, 2024 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 -29,298 -15.15% $0.00 164,147 Feb 15, 2024 Common Stock 29,298 Direct F1
transaction FLS Restricted Stock Units -Options Exercise $0 -70,793 -43.13% $0.00 93,354 Feb 16, 2024 Common Stock 70,793 Direct F1, F2
transaction FLS Restricted Stock Units -Options Exercise $0 -24,334 -26.07% $0.00 69,020 Feb 16, 2024 Common Stock 24,334 Direct F1
transaction FLS Restricted Stock Units -Options Exercise $0 -27,633 -40.04% $0.00 41,387 Feb 17, 2024 Common Stock 27,633 Direct F1

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.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares). The restricted stock units vest over a three-year period, with one-third vesting on the second anniversary of the grant and the remaining two-thirds vesting on the third anniversary of the grant.