Flowserve (FLS) CEO exercises RSUs, covers taxes with 11,476-share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLOWSERVE CORP President & CEO Robert Scott Rowe reported equity award transactions involving restricted stock units and common shares. On the derivative side, he exercised or converted 27,633 restricted stock units, each representing the right to receive one share of common stock plus accrued dividends under the company’s long-term incentive plan. He also acquired 29,162 shares of common stock through derivative exercise or conversion. To cover tax obligations related to these awards, 11,476 shares of common stock were disposed of at a price of $89.69 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, his directly held common stock position was 482,338 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,633 shares exercised/converted
Mixed
3 txns
Insider
Rowe Robert Scott
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 27,633 | $0.00 | -- |
| Exercise | Common Stock | 29,162 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,476 | $89.69 | $1.03M |
Holdings After Transaction:
Restricted Stock Units — 189,343 shares (Direct);
Common Stock — 493,814 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did FLOWSERVE (FLS) CEO Robert Scott Rowe report?
Rowe reported derivative exercises and a tax-withholding share disposition. He exercised or converted restricted stock units and acquired common shares, then disposed of 11,476 shares at $89.69 to satisfy related tax obligations, leaving him with 482,338 directly held common shares.
How many FLOWSERVE (FLS) restricted stock units did the CEO exercise?
He exercised or converted 27,633 restricted stock units. Each unit represents the right to receive one share of common stock plus accrued dividends under Flowserve’s long-term incentive compensation plan, with the units vesting ratably over three years on each grant anniversary.
Was there an open-market sale of FLOWSERVE (FLS) stock by the CEO?
The filing shows a tax-withholding disposition of 11,476 shares at $89.69, coded as an F transaction. This reflects shares delivered to cover tax liabilities on awards, not a discretionary open-market sale for portfolio rebalancing.
How do FLOWSERVE (FLS) restricted stock units for the CEO vest?
The restricted stock units vest ratably over three years, with vesting occurring on each annual anniversary of the grant. At settlement, each unit converts into one share of common stock plus any dividends accrued on the underlying shares during the vesting period.