4//SEC Filing
VOPNI SCOTT K 4
Accession 0000030625-25-000009
CIK 0000030625other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 4:28 PM ET
Size
8.8 KB
Accession
0000030625-25-000009
Insider Transaction Report
Form 4
VOPNI SCOTT K
Chief Accounting Officer
Transactions
- Award
Restricted Stock Units
2025-02-13+3,569→ 22,714 total→ Common Stock (3,569 underlying) - Award
Performance Rights
2025-02-13+1,529→ 3,845 total→ Common Stock (1,529 underlying)
Footnotes (2)
- [F1]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, 2025 and ending on December 31, 2027 which are based equally on: 1) the issuer's ROIC for each calendar year in the performance period measured against the issuer's target ROIC for each calendar year in the performance period; and 2) the issuer's FCF as a percentage of adjusted net income for each calendar year in the performance period measured against the issuer's target FCF as a percentage of adjusted net income for each calendar year in the performance period. The performance rights are also subject to 15% payout modifier (positive or negative) based on the issuer's relative TSR in comparison to the TSR of companies that comprise the S&P 500 Industrials Index for the entire performance period.
- [F2]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 March 1, 2025.
Documents
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeother
Related Parties
1- filerCIK 0001271969
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 4:28 PM ET
- Size
- 8.8 KB