4//SEC Filing
FLOWSERVE CORP 4
Accession 0000030625-17-000017
$FLSCIK 0000030625operating
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 6:54 PM ET
Size
8.5 KB
Accession
0000030625-17-000017
Insider Transaction Report
Form 4
Ovelmen Karyn F.
EVP, Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2017-02-01+18,070→ 39,270 total→ Common Stock (18,070 underlying) - Award
Performance Rights
2017-02-01+18,070→ 39,270 total→ Common Stock (18,070 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents the right to receive, at settlement, one share of common stock 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.
- [F2]Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% and are based on two factors during a three-year performance cycle beginning on January 1, 2017 and ending on December 31, 2019 which are: 1) the issuer's relative total share holder return ("TSR") in comparison to the TSR averages of a predetermined peer group over the performance cycle; and 2) the issuer's return on invested capital measured against the issuer's performance relative to its weighted average cost of capital and relative to a predetermined peer group over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
Documents
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000030625
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 6:54 PM ET
- Size
- 8.5 KB