4/A//SEC Filing
Burger Elizabeth 4/A
Accession 0000030625-23-000058
CIK 0000030625other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 5:02 PM ET
Size
19.1 KB
Accession
0000030625-23-000058
Insider Transaction Report
Form 4/AAmended
Burger Elizabeth
Chief Human Resources Officer
Transactions
- Exercise/Conversion
Common Stock
2023-02-16+1,364→ 29,024 total - Exercise/Conversion
Common Stock
2023-02-16+4,647→ 33,164 total - Tax Payment
Common Stock
2023-02-16$36.07/sh−1,811$65,323→ 31,353 total - Exercise/Conversion
Common Stock
2023-02-16+3,253→ 34,606 total - Tax Payment
Common Stock
2023-02-16$36.07/sh−1,268$45,737→ 33,338 total - Exercise/Conversion
Restricted Stock Units
2023-02-16−4,423→ 35,594 total→ Common Stock (4,423 underlying) - Exercise/Conversion
Restricted Stock Units
2023-02-16−3,097→ 32,497 total→ Common Stock (3,097 underlying) - Exercise/Conversion
Performance Rights
2023-02-16−7,880→ 30,803 total→ Common Stock (7,880 underlying) - Tax Payment
Common Stock
2023-02-16$36.07/sh−507$18,287→ 28,517 total
Footnotes (3)
- [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.
- [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.
- [F3]This Form 4 corrects an inadvertent error in the number of restricted stock units originally reported as disposed of by the officer.
Documents
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeother
Related Parties
1- filerCIK 0001582071
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 5:02 PM ET
- Size
- 19.1 KB