4//SEC Filing
Lenander John 4
Accession 0000030625-18-000022
CIK 0000030625other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:04 PM ET
Size
16.7 KB
Accession
0000030625-18-000022
Insider Transaction Report
Form 4
Lenander John
President, FCO
Transactions
- Tax Payment
Common Stock
2018-02-28$42.35/sh−1,307$55,351→ 20,918 total - Award
Common Stock
2018-02-28+5,171→ 26,089 total - Tax Payment
Common Stock
2018-02-28$42.35/sh−1,260$53,361→ 24,829 total - Award
Restricted Stock Units
2018-02-28+7,200→ 11,962 total→ Common Stock (7,200 underlying) - Award
Performance Rights
2018-02-28+7,200→ 22,690 total→ Common Stock (7,200 underlying) - Exercise/Conversion
Common Stock
2018-02-28+5,216→ 22,225 total - Exercise/Conversion
Performance Rights
2018-02-28−5,000→ 17,690 total→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at 100% (plus dividends accrued on the underlying shares) based on the issuer's achievement of certain financial goals related to its operating plan.
- [F2]Represents the vesting of performance shares based on meeting succession planning and corporate organizational objectives. Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at 100% (plus dividends accrued on the underlying shares).
- [F3]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.
- [F4]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, 2018 and ending on December 31, 2020 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 typeother
Related Parties
1- filerCIK 0001696627
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:04 PM ET
- Size
- 16.7 KB