Lenander John 4
4 · FLOWSERVE CORP · Filed Apr 1, 2019
Insider Transaction Report
Form 4
Lenander John
President, FCO
Transactions
- Exercise/Conversion
Common Stock
2019-03-28+283→ 22,413 total - Tax Payment
Common Stock
2019-03-28$44.74/sh−84$3,758→ 22,329 total - Exercise/Conversion
Performance Rights
2019-03-28−2,610→ 22,250 total→ Common Stock (2,610 underlying)
Footnotes (1)
- [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 a rate of 10.3% (plus dividends accrued on the underlying shares) based on: 1) the issuer's average return on net assets ("RONA") and 2) the issuer's growth in bookings as compared to GDP growth of countries in the Organisation for Economic Co-operation and Development during a three-year performance cycle beginning on January 1, 2016 and ending on December 31, 2018.