Flowserve (NYSE: FLS) CEO exercises awards and uses shares to cover taxes

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.

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

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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^*

Rowe Robert Scott

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		M		24,485	A	$0	506,823	D
Common Stock	03/02/2026		F		9,635	D	$88.52	497,188	D
Common Stock	03/02/2026		M		17,079	A	$0	514,267	D
Common Stock	03/02/2026		F		6,721	D	$88.52	507,546	D
Common Stock(1)	03/02/2026		A		50	A	$88.52	507,596	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
Restricted Stock Units	(2)	03/02/2026		M			23,715	(2)	(2)	Common Stock(2)	23,715	$0	165,628	D
Restricted Stock Units	(2)	03/02/2026		M			16,819	(2)	(2)	Common Stock(2)	16,819	$0	148,809	D

Explanation of Responses:

1. Shares acquired under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan in a prescheduled transaction.

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. These restricted stock units vested on March 1, 2026, and settled on the next business day.

Remarks:

	/s/ Shakeeb U. Mir, attorney-in-fact	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many Flowserve shares does CEO Robert Scott Rowe own after this Form 4?

After the reported March 2, 2026 transactions, Robert Scott Rowe directly owned 507,596 shares of Flowserve common stock, as disclosed in the Form 4 ownership column.

Did the Flowserve CEO buy or sell shares on the open market in this Form 4?

The transactions involved exercises or conversions of equity awards and tax-withholding dispositions. The filing describes payment of tax liabilities by delivering shares, rather than open-market purchases or sales.

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.