4//SEC Filing
Eckert Lee 4
Accession 0000030625-19-000021
CIK 0000030625other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 4:05 PM ET
Size
16.3 KB
Accession
0000030625-19-000021
Insider Transaction Report
Form 4
Eckert Lee
SVP, Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2019-02-28+6,104→ 6,104 total - Award
Restricted Stock Units
2019-02-27+17,320→ 52,820 total→ Common Stock (17,320 underlying) - Award
Performance Rights
2019-02-27+17,320→ 35,320 total→ Common Stock (17,320 underlying) - Tax Payment
Common Stock
2019-02-28$44.41/sh−1,529$67,903→ 4,575 total - Exercise/Conversion
Restricted Stock Units
2019-02-28−6,000→ 46,820 total→ Common Stock (6,000 underlying)
Footnotes (2)
- [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.
- [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, 2019 and ending on December 31, 2021 which are: 1) the issuer's relative total shareholder return ("TSR") in comparison to the TSR averages of a predetermined compensation peer group over the performance cycle; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's targeted ROIC improvement under its operating plan. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeother
Related Parties
1- filerCIK 0001648834
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 4:05 PM ET
- Size
- 16.3 KB