Form 4/A for FLS FLOWSERVE CORP
Accepted 2023-02-23 00:00:00 ET · period of report 2023-02-16 · accession 0000030625-23-000064 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMA | 2023-02-23 | 2023-02-16 | FLS | Rowe Robert Scott | Pres, CEO, Dir | M - OptEx | $0.00 | +73.2K | 314.3K | +30% | $0 |
| DMA | 2023-02-23 | 2023-02-16 | FLS | Rowe Robert Scott | Pres, CEO, Dir | F - Tax | $36.07 | -28.8K | 277.2K | -9% | -$1.04M |
| DMA | 2023-02-23 | 2023-02-16 | FLS | Rowe Robert Scott | Pres, CEO, Dir | M - OptEx | $0.00 | -120.2K | 246.7K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-16 | M | A | 25,562 | $0.00 | 325,276 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-16 | F | D | 10,059 | $36.07 | 315,217 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-16 | F | D | 14,632 | $36.07 | 299,714 | D | — | — | |
| 4 | Common | Common Stock | 2023-02-16 | M | A | 10,458 | $0.00 | 281,278 | D | — | — | (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 16% (plus dividends accrued on the underlying shares) based on two factors during the three-year performance cycle beginning on January 1, 2020 and ending on December 31, 2022, which are: 1) the issuer's total shareholder return ("TSR") in comparison to the TSR percentile ranking for companies that comprise the compensation peer group over the performance cycle; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's targeted ROIC under its operating plan. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock. |
| 5 | Common | Common Stock | 2023-02-16 | F | D | 4,116 | $36.07 | 277,162 | D | — | — | |
| 6 | Common | Common Stock | 2023-02-16 | M | A | 37,184 | $0.00 | 314,346 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2023-02-16 | M | D | 35,397 | $0.00 | 280,938 | D | — · — to — | 35,397 Common Stock | (F3) This Form 4 corrects an inadvertent error in the number of restricted stock units originally reported as disposed of by the officer. (F2) 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. |
| 8 | Derivative | Restricted Stock Units | 2023-02-16 | M | D | 24,333 | $0.00 | 256,605 | D | — · — to — | 24,333 Common Stock | (F3) This Form 4 corrects an inadvertent error in the number of restricted stock units originally reported as disposed of by the officer. (F2) 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. |
| 9 | Derivative | Performance Rights | 2023-02-16 | M | D | 60,450 | $0.00 | 246,677 | D | — · — to — | 60,450 Common Stock | (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 16% (plus dividends accrued on the underlying shares) based on two factors during the three-year performance cycle beginning on January 1, 2020 and ending on December 31, 2022, which are: 1) the issuer's total shareholder return ("TSR") in comparison to the TSR percentile ranking for companies that comprise the compensation peer group over the performance cycle; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's targeted ROIC under its operating plan. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock. |