Key facts
- This page summarizes Elizabeth Burger's Form 4 filing for FLOWSERVE CORP (FLS).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 13 Feb 2024, 16:11.
Elizabeth Burger - 09 Feb 2024 Form 4 Insider Report for FLOWSERVE CORP (FLS)
- Reporting relationship
- Chief Human Resources Officer
- Issuer ticker
- FLS
- Reported as of
- 09 Feb 2024
- Net transaction value
- -$83,996
- SEC form
- 4
- Accepted by SEC
- 13 Feb 2024, 16:11:32 UTC
- Prior SEC filing
- 22 Feb 2023
- Next SEC filing
- 20 Feb 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Shakeeb U. Mir, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Elizabeth Burger filed Form 4 for FLOWSERVE CORP (FLS) on 13 Feb 2024.
Change
- Previous filing in this sequence was filed on 22 Feb 2023.
- Current net transaction value: -$83,996.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FLS
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +4,888
- Change %
- +14%
- Price
- $0.000000
- Shares after
- 39,979
- Date
- 09 Feb 2024
- Ownership
- Direct
- Footnotes
- F1
FLS
transaction
Common Stock
Tax liability
- Transaction value
- $83,996
- Shares
- -2,024
- Change %
- -5.1%
- Price
- $41.50
- Shares after
- 37,955
- Date
- 09 Feb 2024
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FLS
transaction
Derivative
Performance Rights
Options Exercise
- Transaction value
- $0
- Shares
- -9,290
- Change %
- -30%
- Price
- $0.000000
- Shares after
- 21,513
- Date
- 09 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 9,290
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 1 footnote
Footnote F1
Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate of 49% (plus dividends accrued on the underlying shares) based on two factors during the three-year performance cycle beginning on January 1, 2021 and ending on December 31, 2023, which are: 1) the issuer's free cash flow ("FCF") as a percent of adjusted net income for the performance period in comparison to the issuer's targeted free cash flow as a percent of adjusted net income for the performance period, and 2) the issuer's return on invested capital ("ROIC") for each calendar year in the performance period measured against the issuer's targeted ROIC for each calendar year under its operating plan. The performance rights were also subject to a 15% payout modifier (positive or negative) based on the issuer's total shareholder return ("TSR") in comparison to the TSR of peer companies for the entire performance period.