DeBiasio Alice Marie 4

4 · FLOWSERVE CORP · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

Flowserve (FLS) President Alice DeBiasio Receives Award

What Happened

Alice Marie DeBiasio, President (FCD) of Flowserve Corp (FLS), was granted two equity awards on Feb 12, 2026: 5,703 performance rights and 5,703 restricted stock units (RSUs), for a total of 11,406 award units. Both grants are reported as acquisitions at $0.00 (award/grant), so no cash was exchanged at grant.

Key Details

Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (filed more than two business days after the transaction).
Grant details: 5,703 performance rights (footnote F1) and 5,703 RSUs (footnote F2); both shown at $0.00 price.
Shares owned after transaction: not specified in the provided filing data.
Footnote F1 (performance rights): each right may convert to one share at vesting; payout can range from 0%–200% based on ROIC and average annual EPS growth over a three-year performance period (Jan 1, 2026–Dec 31, 2028), with a +/-15% modifier based on relative TSR vs. the S&P 500 Industrial Index; awards may be settled in cash or shares.
Footnote F2 (RSUs): each unit converts to one share (plus accrued dividends) at settlement; these RSUs vest ratably over three years on each annual anniversary beginning March 1, 2026.
Timeliness: Filing occurred five days after the transaction date (appears late relative to the typical two-business-day Form 4 deadline).

Context

These are grants/awards, not open-market purchases or sales; awards signal company compensation decisions rather than immediate insider buying or selling.
Performance rights are variable — actual shares delivered at settlement could be more or fewer than the granted units depending on performance metrics and modifiers; RSUs vest over time.
Because the performance rights may be settled in cash, receipt of an award does not guarantee new shares will be issued.

Form 4

Period: 2026-02-12

President, FCD

Transactions

Award
Performance Rights
[F1]
2026-02-12+5,703→ 5,703 total
→ Common Stock (5,703 underlying)
Award
Restricted Stock Units
[F2]
2026-02-12+5,703→ 19,216 total
→ Common Stock (5,703 underlying)

Footnotes (2)

[F1]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% and are based on two factors during a three-year performance cycle beginning on January 1, 2026 and ending on December 31, 2028 which are: 1) the issuer's return on invested capital ("ROIC") measured against the issuer's target ROIC for each calendar year during the performance period; and 2) the issuer's average annual earnings per share growth over each calendar year during the performance period. The performance rights are also subject to a 15% payout modifier (positive or negative) based on the issuer's relative total shareholder return ("TSR") in comparison to the TSR of companies that comprise the S&P 500 Industrial Index for the entire performance period, as of January 1, 2026. 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 March 1, 2026.

Signature

/s/ Shakeeb U. Mir, attorney in fact|2026-02-17

1 file