4//SEC Filing
Burger Elizabeth 4
Accession 0000030625-24-000014
CIK 0000030625other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 4:11 PM ET
Size
9.2 KB
Accession
0000030625-24-000014
Insider Transaction Report
Form 4
Burger Elizabeth
Chief Human Resources Officer
Transactions
- Exercise/Conversion
Performance Rights
2024-02-09−9,290→ 21,513 total→ Common Stock (9,290 underlying) - Exercise/Conversion
Common Stock
2024-02-09+4,888→ 39,979 total - Tax Payment
Common Stock
2024-02-09$41.50/sh−2,024$83,996→ 37,955 total
Footnotes (1)
- [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.
Documents
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeother
Related Parties
1- filerCIK 0001582071
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 4:11 PM ET
- Size
- 9.2 KB