Flowserve (FLS) CFO details RSU conversions and tax share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowserve Corp Chief Financial Officer Amy B. Schwetz reported multiple equity transactions dated March 2, 2026 related mainly to the vesting of employee awards. She exercised or converted several blocks of restricted stock units, including 8,248 units and 5,606 units, into common shares at a stated price of $0.00 per share.
Following these derivative exercises, her directly held common stock position changed through additional acquisitions and share dispositions classified as tax-withholding transactions at a stated price of $88.52 per share. After one such tax-withholding disposition of 3,378 shares, her reported direct common stock holdings were 98,938 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,854 shares exercised/converted
Mixed
6 txns
Insider
Schwetz Amy B
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,248 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,606 | $0.00 | -- |
| Exercise | Common Stock | 8,517 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,378 | $88.52 | $299K |
| Exercise | Common Stock | 5,693 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,241 | $88.52 | $198K |
Holdings After Transaction:
Restricted Stock Units — 39,533 shares (Direct);
Common Stock — 102,316 shares (Direct)
Footnotes (1)
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FAQ
What did Flowserve (FLS) CFO Amy B. Schwetz report in this Form 4?
Amy B. Schwetz reported multiple equity transactions tied to employee awards. She exercised restricted stock units into common stock and had related tax-withholding share dispositions, reflecting routine compensation activity under Flowserve’s long-term incentive plan rather than open-market purchases or sales.
How many restricted stock units did the Flowserve CFO convert on March 2, 2026?
She converted several blocks of restricted stock units, including 8,248 units and 5,606 units, into common stock. Each unit represents one share of common stock plus accrued dividends under Flowserve’s long-term incentive compensation plan for employees, following vesting on March 1, 2026.
What is the nature of the ‘F’ code transactions in this Flowserve Form 4?
The transactions marked with code “F” are tax-withholding dispositions. Shares of Flowserve common stock were delivered at a stated price of $88.52 per share to satisfy tax liabilities or exercise costs, rather than being discretionary open-market sales by the executive.
How did Amy B. Schwetz’s Flowserve common stock holdings change after these transactions?
After one reported derivative exercise, her direct common stock holdings were 102,316 shares. Following a subsequent tax-withholding disposition of 3,378 shares, the filing shows direct ownership of 98,938 shares, illustrating how vesting and tax settlements adjusted her reported equity position.
What does the footnote about Flowserve restricted stock units explain?
The footnote states each restricted stock unit equals one Flowserve common share plus accrued dividends. These units were granted under the company’s long-term incentive compensation plan, vested on March 1, 2026, and settled into common stock on the next business day for the reporting person.
Are the Flowserve CFO’s reported transactions open-market buys or sells?
The Form 4 classifies the main acquisitions as derivative exercises of restricted stock units and the dispositions as tax-withholding transactions. This indicates they are connected to compensation vesting and tax obligations, not voluntary open-market buying or selling of Flowserve shares.