Flowserve (NYSE: FLS) CEO exercises awards and uses shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowserve Corporation President & CEO Robert Scott Rowe reported multiple equity award transactions dated March 2, 2026. He acquired common stock through the exercise or conversion of restricted stock units and other derivative awards, and had shares withheld at $88.52 per share to cover tax obligations.
After these transactions, Rowe directly owned 507,596 shares of Flowserve common stock, reflecting his updated stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,534 shares exercised/converted
Mixed
7 txns
Insider
Rowe Robert Scott
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,715 | $0.00 | -- |
| Exercise | Restricted Stock Units | 16,819 | $0.00 | -- |
| Exercise | Common Stock | 24,485 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,635 | $88.52 | $853K |
| Exercise | Common Stock | 17,079 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,721 | $88.52 | $595K |
| Grant/Award | Common Stock | 50 | $88.52 | $4K |
Holdings After Transaction:
Restricted Stock Units — 165,628 shares (Direct);
Common Stock — 506,823 shares (Direct)
Footnotes (1)
- Shares acquired under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan in a prescheduled transaction. 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. These restricted stock units vested on March 1, 2026, and settled on the next business day.
FAQ
What insider activity did Flowserve (FLS) report for CEO Robert Scott Rowe?
Flowserve reported that CEO Robert Scott Rowe exercised or converted equity awards into common stock and had some shares withheld to cover tax obligations, updating his disclosed direct ownership position.
What types of Flowserve securities were involved in Robert Scott Rowe’s Form 4?
The Form 4 shows activity in Restricted Stock Units and Common Stock, including derivative exercises or conversions and a grant or other acquisition of common shares.
What does the tax-withholding disposition mean in the Flowserve CEO Form 4?
Tax-withholding dispositions indicate shares of Flowserve common stock were delivered at $88.52 per share to satisfy tax obligations tied to equity vesting or exercises, instead of paying those taxes in cash.
Were restricted stock units involved in Flowserve CEO Robert Scott Rowe’s transactions?
Yes. The filing shows Restricted Stock Units that were exercised or converted into common stock, consistent with the vesting and settlement of long-term incentive awards granted under Flowserve’s compensation plans.