4/A//SEC Filing
Gillespie Keith E. 4/A
Accession 0000030625-23-000059
CIK 0000030625other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 5:03 PM ET
Size
19.1 KB
Accession
0000030625-23-000059
Insider Transaction Report
Form 4/AAmended
Gillespie Keith E.
Chief Strategy & Admin Officer
Transactions
- Exercise/Conversion
Performance Rights
2023-02-16−6,310→ 17,131 total→ Common Stock (6,310 underlying) - Tax Payment
Common Stock
2023-02-16$36.07/sh−679$24,492→ 78,773 total - Tax Payment
Common Stock
2023-02-16$36.07/sh−266$9,595→ 74,556 total - Exercise/Conversion
Common Stock
2023-02-16+2,787→ 77,343 total - Exercise/Conversion
Common Stock
2023-02-16+2,787→ 79,452 total - Exercise/Conversion
Common Stock
2023-02-16+1,092→ 74,822 total - Tax Payment
Common Stock
2023-02-16$36.07/sh−678$24,455→ 76,665 total - Exercise/Conversion
Restricted Stock Units
2023-02-16−2,653→ 18,814 total→ Common Stock (2,653 underlying) - Exercise/Conversion
Restricted Stock Units
2023-02-16−2,653→ 16,161 total→ Common Stock (2,653 underlying)
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 0001641570
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 5:03 PM ET
- Size
- 19.1 KB