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 +30.8K +8.75% $0.00 383K Feb 15, 2024 Direct
transaction FLS Common Stock Tax liability -$520K -12.1K -3.17% $42.98 370K Feb 15, 2024 Direct
transaction FLS Common Stock Options Exercise $0 +76K +20.52% $0.00 446K Feb 16, 2024 Direct
transaction FLS Common Stock Tax liability -$1.28M -29.9K -6.7% $42.90 417K Feb 16, 2024 Direct
transaction FLS Common Stock Options Exercise $0 +26.1K +6.27% $0.00 443K Feb 16, 2024 Direct
transaction FLS Common Stock Tax liability -$441K -10.3K -2.32% $42.90 432K Feb 16, 2024 Direct
transaction FLS Common Stock Options Exercise $0 +28.2K +6.53% $0.00 461K Feb 17, 2024 Direct
transaction FLS Common Stock Tax liability -$477K -11.1K -2.41% $42.90 450K 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 -29.3K -15.15% $0.00 164K Feb 15, 2024 Common Stock 29.3K Direct F1
transaction FLS Restricted Stock Units Options Exercise $0 -70.8K -43.13% $0.00 93.4K Feb 16, 2024 Common Stock 70.8K Direct F1, F2
transaction FLS Restricted Stock Units Options Exercise $0 -24.3K -26.07% $0.00 69K Feb 16, 2024 Common Stock 24.3K Direct F1
transaction FLS Restricted Stock Units Options Exercise $0 -27.6K -40.04% $0.00 41.4K Feb 17, 2024 Common Stock 27.6K 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.
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.