Flowserve CEO reports RSU exercises and tax share swap
FLOWSERVE CORP President & CEO Robert Scott Rowe reported equity award transactions involving restricted stock units and common shares.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 27,633 | $0.00 | $0.00 |
| Exercise | Common Stock | 29,162 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,476 | $89.69 | $1.03M |
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
What insider transactions did FLOWSERVE (FLS) CEO Robert Scott Rowe report?
How many FLOWSERVE (FLS) restricted stock units did the CEO exercise?
Was there an open-market sale of FLOWSERVE (FLS) stock by the CEO?
How do FLOWSERVE (FLS) restricted stock units for the CEO vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.