Flowserve CFO exercises RSUs, covers tax with shares
Flowserve Corporation’s Chief Financial Officer, Amy B. Schwetz, reported equity compensation transactions.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,650 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,128 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,592 | $89.69 | $322K |
Footnotes (1)
- F1. 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 annual anniversary of the grant.
FAQ
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What insider transactions did Flowserve (FLS) CFO Amy B. Schwetz report?
What are the terms of Amy Schwetz’s Flowserve (FLS) restricted stock units?
Did the Flowserve (FLS) CFO’s Form 4 reflect open-market buying or selling?
AI-generated analysis. How Rhea-AI works. Not financial advice.