Boukalik Brian 4

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.