Flowserve president reports new stock and unit awards

Flowserve Corp officer Lamar L. Duhon reported multiple equity awards and related share movements.

Rhea-AI Filing Summary

Flowserve Corp officer Lamar L. Duhon reported multiple equity awards and related share movements. On February 12, 2026, he was granted 9,505 performance rights and 9,505 restricted stock units, each convertible into one share of common stock subject to multi‑year performance and service vesting conditions.

On February 13, 2026, 24,775 performance rights were exercised for common stock, resulting in an award of 26,146 shares. To cover taxes, 10,346 shares of common stock were disposed of at $87.02 per share. After these transactions, he directly held 30,916 shares of common stock, 44,090 performance rights and 33,082 restricted stock units.

Insider Trade Summary

24,775 shares exercised/converted

Exercise 5 txns

Insider Duhon Lamar L.

Role President, FPD

Type	Security	Shares	Price	Value
Exercise	Performance Rights	24,775	$0.00	$0.00
Grant/Award	Common Stock	26,146	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	10,346	$87.02	$900K
Grant/Award	Performance Rights	9,505	$0.00	$0.00
Grant/Award	Restricted Stock Units	9,505	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 33,082 contracts (Direct); Performance Rights — 19,315 contracts (Direct); Common Stock — 30,916 shares (Direct)

Footnotes (3)

1. 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.
2. 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 anniversary of March 1, 2026.
3. F3. 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, 2023 and ending on December 31, 2025 which are based equally on: 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 free cash flow ("FCF") as a percentage of adjusted net income for each calendar year during the performance period. The performance rights are also subject to 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. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

FAQ

What equity awards did Flowserve (FLS) president Lamar Duhon receive?

Lamar L. Duhon received 9,505 performance rights and 9,505 restricted stock units. Each unit or right can settle into one Flowserve common share, subject to multi‑year vesting based on performance metrics and continued employment conditions outlined in the company’s long-term incentive plan.

How many Flowserve (FLS) shares does Lamar Duhon own after these Form 4 transactions?

Following the reported transactions, Lamar L. Duhon directly owns 30,916 Flowserve common shares. In addition, he holds 44,090 performance rights and 33,082 restricted stock units, all of which represent contingent rights to receive additional shares if vesting and performance conditions are satisfied.

What was the purpose of the Flowserve (FLS) share disposition reported with code F?

The disposition coded “F” reflects 10,346 Flowserve shares used to satisfy tax obligations. These shares were withheld or delivered at a price of $87.02 per share in connection with the equity award exercise, rather than representing an open‑market sale by the executive.

How are Flowserve (FLS) performance rights for Lamar Duhon structured?

Each performance right equals a contingent claim to one Flowserve share at vesting. Payouts can range from 0% to 200%, tied to return on invested capital, earnings or cash flow metrics, plus a 15% modifier based on relative total shareholder return versus the S&P 500 Industrial Index.

When do Lamar Duhon’s Flowserve (FLS) restricted stock units vest?

The restricted stock units vest ratably over three years, on each anniversary of March 1, 2026. Each unit delivers one Flowserve common share plus accrued dividends at settlement, provided the executive meets the service conditions during the scheduled vesting period.

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Accepted by SEC EDGAR 02/17/2026 - 04:36 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Duhon Lamar L.

(Last) (First) (Middle)

5215 N. O'CONNOR BLVD.

SUITE 700

(Street)

IRVING TX 75039

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FLOWSERVE CORP [ FLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, FPD

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/13/2026		A		26,146	A	$0	41,262	D
Common Stock	02/13/2026		F		10,346	D	$87.02	30,916	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights	(1)	02/12/2026		A		9,505		(1)	(1)	Common Stock	9,505	$0	44,090	D
Restricted Stock Units	(2)	02/12/2026		A		9,505		(2)	(2)	Common Stock	9,505	$0	33,082	D
Performance Rights	(3)	02/13/2026		M			24,775	(3)	(3)	Common Stock	24,775	$0	19,315	D

Explanation of Responses:

1. 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.

2. 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 anniversary of March 1, 2026.

3. 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, 2023 and ending on December 31, 2025 which are based equally on: 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 free cash flow ("FCF") as a percentage of adjusted net income for each calendar year during the performance period. The performance rights are also subject to 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. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

Remarks:

	/s/ Shakeeb Mir, attorney-in-fact	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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