DeBiasio Alice Marie 4

What Happened

• Alice Marie DeBiasio, President (FCD) of Flowserve Corp (FLS), was granted two equity awards on Feb 12, 2026: 5,703 performance rights and 5,703 restricted stock units (RSUs), for a total of 11,406 award units. Both grants are reported as acquisitions at $0.00 (award/grant), so no cash was exchanged at grant.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (filed more than two business days after the transaction).
• Grant details: 5,703 performance rights (footnote F1) and 5,703 RSUs (footnote F2); both shown at $0.00 price.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote F1 (performance rights): each right may convert to one share at vesting; payout can range from 0%–200% based on ROIC and average annual EPS growth over a three-year performance period (Jan 1, 2026–Dec 31, 2028), with a +/-15% modifier based on relative TSR vs. the S&P 500 Industrial Index; awards may be settled in cash or shares.
• Footnote F2 (RSUs): each unit converts to one share (plus accrued dividends) at settlement; these RSUs vest ratably over three years on each annual anniversary beginning March 1, 2026.
• Timeliness: Filing occurred five days after the transaction date (appears late relative to the typical two-business-day Form 4 deadline).

Context

• These are grants/awards, not open-market purchases or sales; awards signal company compensation decisions rather than immediate insider buying or selling.
• Performance rights are variable — actual shares delivered at settlement could be more or fewer than the granted units depending on performance metrics and modifiers; RSUs vest over time.
• Because the performance rights may be settled in cash, receipt of an award does not guarantee new shares will be issued.