Flowserve CFO Brian William Ezzell holds 976 common shares
Performance rights use multi-year ROIC and cash-flow or earnings measures, with a 15% positive or negative payout modifier based on relative TSR.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
Flowserve Corp. (FLS) reports Chief Financial Officer Brian William Ezzell's direct holdings as of October 1, 2026: 976 common shares, four restricted-stock-unit positions representing 8,297, 3,363, 8,871 and 2,620 underlying shares, and performance rights covering 2,162 and 6,422 underlying shares. The restricted stock units vest on stated schedules, including one position that cliff vests on October 15, 2026; performance rights are contingent awards tied to multi-year performance conditions.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Ezzell Brian William
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | Performance Rights F2 | -- | -- | -- |
| holding | Restricted Stock Units F3 | -- | -- | -- |
| holding | Restricted Stock Units F4 | -- | -- | -- |
| holding | Restricted Stock Units F5 | -- | -- | -- |
| holding | Performance Rights F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 23,151 contracts (Direct);
Performance Rights — 8,584 contracts (Direct);
Common Stock — 976 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents the right to receive, at settlement, one share of common stock and is granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares cliff vest on October 15, 2026.
- 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% and are based on two factors during a three-year performance cycle beginning on January 1, 2025 and ending on December 31, 2027 which are based equally on: 1) the issuer's ROIC for each calendar year in the performance period measured against the issuer's target ROIC for each calendar year in the performance period; and 2) the issuer's FCF as a percentage of adjusted net income for each calendar year in the performance period measured against the issuer's target FCF as a percentage of adjusted net income for each calendar year in the performance period. The performance rights are also subject to 15% payout modifier (positive or negative) based on the issuer's relative TSR in comparison to the TSR of companies that comprise the S&P 500 Industrials Index for the entire performance period.
- F3. Each restricted stock unit represents the right to receive, at settlement, one share of common stock and is 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 anniversary of March 1, 2025.
- F4. Each restricted stock unit represents the right to receive, at settlement, one share of common stock and is 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 anniversary of March 1, 2026.
- F5. Each restricted stock unit represents the right to receive, at settlement, one share of common stock and is 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 anniversary of September 24, 2026.
- F6. Represents an aggregate of 6,422 performance rights, consisting of 3,802 granted on February 12, 2026 and 2,620 granted on September 24, 2026. 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. Payout is subject to a 15% positive or negative modifier based on the issuer's TSR relative to the companies comprising the S&P 500 Industrial Index over the performance period. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
Key Figures
Direct common stock holdings: 976 shares
Underlying shares for restricted stock units: 8,297 shares
Underlying shares for restricted stock units: 3,363 shares
+4 more
7 metrics
Direct common stock holdings
976 shares
As of October 1, 2026
Underlying shares for restricted stock units
8,297 shares
Direct position; cliff vesting October 15, 2026
Underlying shares for restricted stock units
3,363 shares
Direct position; vests ratably over three years on each anniversary of March 1, 2025
Underlying shares for restricted stock units
8,871 shares
Direct position; vests ratably over three years on each anniversary of March 1, 2026
Underlying shares for restricted stock units
2,620 shares
Direct position; vests ratably over three years on each anniversary of September 24, 2026
Performance rights
2,162 rights
Direct position; performance cycle runs from January 1, 2025, through December 31, 2027
Performance rights
6,422 rights
Direct position; performance cycle runs from January 1, 2026, through December 31, 2028
Key Terms
cliff vest, performance cycle, ROIC, FCF as a percentage of adjusted net income, +1 more
5 terms
cliff vest technical
"The shares cliff vest on October 15, 2026."
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
performance cycle financial
"during a three-year performance cycle"
ROIC financial
"the issuer's ROIC for each calendar year"
Return on invested capital (ROIC) measures how well a company turns the money it uses to run and grow the business into profit, expressed as a percentage. Think of it like how much fruit a tree yields for each seed and watering dollar invested: higher ROIC means management is extracting more value from each dollar put into the company. Investors use it to compare how efficiently different companies deploy capital and whether returns justify the risk of holding the stock.
FCF as a percentage of adjusted net income financial
"FCF as a percentage of adjusted net income"
relative TSR financial
"the issuer's relative TSR in comparison to the TSR"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What performance terms apply to Brian William Ezzell's Flowserve (FLS) performance rights?
The 2,162 performance rights vest between 0% and 200% based equally on annual ROIC versus target and free cash flow as a percentage of adjusted net income versus target during the performance cycle from January 1, 2025, through December 31, 2027; they also have a 15% positive or negative relative-TSR payout modifier. The 6,422 rights use ROIC and average annual earnings-per-share growth during the performance cycle from January 1, 2026, through December 31, 2028, and may be settled in cash or shares at Flowserve's discretion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
