Boukalik Brian 4
4 · FLOWSERVE CORP · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Flowserve (FLS) CHRO Brian Boukalik Receives Award of 10,138 Units
What Happened
Brian Boukalik, Chief Human Resources Officer of Flowserve Corp (FLS), received two equity awards on February 12, 2026: 5,069 performance rights and 5,069 restricted stock units (RSUs), for a total of 10,138 awarded units. Each award was granted at $0.00 (standard for equity awards); the filing lists these as derivative acquisitions (code A).
Key Details
- Transaction date: February 12, 2026; Form 4 filed February 17, 2026 (appears to be filed three business days after the grant, which exceeds the usual two-business-day Form 4 deadline).
- Awards: 5,069 performance rights (F1) and 5,069 RSUs (F2); grant price shown as $0.00.
- Shares owned after transaction: not specified in the Form 4 provided.
- Footnote highlights:
- Performance rights (F1): each contingent right can convert to one share at vesting, with payout from 0%–200% based on annual ROIC vs. targets and EPS growth across a three-year performance cycle (Jan 1, 2026–Dec 31, 2028). A ±15% modifier applies based on relative TSR vs. the S&P 500 Industrial Index. Settlement may be in cash or shares.
- RSUs (F2): each unit converts to one share (plus accrued dividends) and vests ratably over three years on each March 1 annual anniversary beginning March 1, 2026.
Context
These are grants (awards), not open-market purchases or sales. Performance rights are variable in ultimate payout and may deliver between 0% and 200% of target shares (or cash), so the eventual share dilution or value to the executive depends on future performance. RSUs are time-based and vest over three years. Such awards are routine components of executive compensation and do not, by themselves, indicate a buy or sell decision by the insider.
Insider Transaction Report
- Award
Performance Rights
[F1]2026-02-12+5,069→ 14,055 total→ Common Stock (5,069 underlying) - Award
Restricted Stock Units
[F2]2026-02-12+5,069→ 14,156 total→ Common Stock (5,069 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, 2026 and ending on December 31, 2028 which are: 1) the issuer's return on invested capital ("ROIC") measured against the issuer's target ROIC for each calendar year during the performance period; and 2) the issuer's average annual earnings per share growth over each calendar year during the performance period. The performance rights are also subject to a 15% payout modifier (positive or negative) based on the issuer's relative total shareholder return ("TSR") in comparison to the TSR of companies that comprise the S&P 500 Industrial Index for the entire performance period, as of January 1, 2026. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
- [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, 2026.