Flowserve (NYSE: FLS) CFO converts RSUs, disposes shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowserve Corporation’s Chief Financial Officer, Amy B. Schwetz, reported equity compensation transactions. She exercised or converted derivative awards, acquiring 8,650 restricted stock units and 9,128 shares of common stock. To cover tax obligations, 3,592 common shares were disposed of at $89.69 per share.
After these moves, she directly held 93,799 shares of common stock and 47,781 restricted stock units. Each restricted stock unit represents one share of common stock plus accrued dividends and vests in equal installments over three years on each anniversary of the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,650 shares exercised/converted
Mixed
3 txns
Insider
Schwetz Amy B
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,650 | $0.00 | -- |
| Exercise | Common Stock | 9,128 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,592 | $89.69 | $322K |
Holdings After Transaction:
Restricted Stock Units — 47,781 shares (Direct);
Common Stock — 97,391 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Flowserve (FLS) CFO Amy B. Schwetz report?
Amy B. Schwetz reported exercising derivative awards to acquire 8,650 restricted stock units and 9,128 Flowserve common shares. She also disposed of 3,592 shares at $89.69 per share to satisfy tax obligations tied to these equity compensation transactions.
What are the terms of Amy Schwetz’s Flowserve (FLS) restricted stock units?
Each restricted stock unit represents the right to receive one Flowserve common share plus accrued dividends at settlement. The units are granted under the company’s long-term incentive compensation plan and vest ratably over three years on each annual anniversary of the grant date.
Did the Flowserve (FLS) CFO’s Form 4 reflect open-market buying or selling?
The Form 4 reflects derivative exercises and a tax-withholding disposition, not open-market trades. Awards were converted into 9,128 common shares, while 3,592 shares were delivered at $89.69 per share to cover tax obligations arising from these equity compensation transactions.