Schwetz Amy B 4

What Happened

• Amy B. Schwetz, Chief Financial Officer of Flowserve Corp. (FLS), received equity awards and completed conversions of derivative awards in mid‑February 2026. The filing shows acquisitions of equity awards (performance rights and restricted stock units) and the conversion/exercise of derivative awards into shares, followed by shares surrendered to cover tax obligations.
• Specifics: Acquired 58,827 shares (report code A) on 2026-02-13 at $0.00; two grants of 14,892 derivative awards each (A) on 2026-02-12 at $0.00. A conversion/exercise of derivatives (M) on 2026-02-13 shows 55,742 shares disposed at $0.00. Separately, 23,192 shares were disposed under code F (payment of exercise price or tax liability) on 2026-02-13 at $87.02 per share, totaling $2,018,168.

Key Details

• Transaction dates: grants on 2026-02-12 and 2026-02-13; filing date: 2026-02-17 (period of report: 2026-02-12).
• Tax withholding: 23,192 shares surrendered at $87.02 each to cover taxes, value reported $2,018,168 (code F).
• Derivative activity: 55,742 shares marked as converted/exercised (code M) at $0.00 — indicates conversion of performance rights/derivative awards into shares rather than an open‑market sale.
• Vesting/award notes:
  • Some performance rights granted (footnote F1) vest 0–200% based on ROIC and EPS growth for a 2026–2028 performance period with a ±15% TSR modifier; may settle in cash or shares.
  • RSUs (footnote F2) vest ratably over three years starting March 1, 2026.
  • Earlier-cycle performance rights (footnote F3) for 2023–2025 had ROIC and FCF metrics with a TSR modifier.
• Shares owned after the transactions: not specified in the provided filing details.
• No 10b5-1 plan or late‑filing flag noted in the provided data.

Context

• The filing reflects receipt of long‑term incentive awards (common for executives) and a standard withholding of shares to cover taxes — routine corporate compensation mechanics rather than an open‑market buy or discretionary sale.
• The conversion/exercise entries (M) at $0.00 mean performance rights or similar derivatives were converted into common shares; the tax withholding (F) indicates a cashless/net settlement or surrender of shares to cover tax obligations.