Lenander John 4
4 · FLOWSERVE CORP · Filed Jun 7, 2019
Insider Transaction Report
Form 4
Lenander John
President, FCO
Transactions
- Sale
Common Stock
2019-06-07$49.32/sh−5,761$284,152→ 16,568 total
Holdings
- 22,250
Performance Rights
→ Common Stock (22,250 underlying) - 16,330
Restricted Stock Units
→ Common Stock (16,330 underlying)
Footnotes (3)
- [F1]The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $49.30 to $49.33, inclusive. The reporting person undertakes to provide Flowserve Corporation, any security holder of Flowserve Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F2]Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200%.
- [F3]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.