VOPNI SCOTT K 4
4 · FLOWSERVE CORP · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Flowserve (FLS) Chief Accounting Officer Scott Vopni Receives Award
What Happened
Scott K. Vopni, Flowserve's Chief Accounting Officer, was granted two equity awards on February 12, 2026: 1,260 performance rights and 2,941 restricted stock units (RSUs). Both grants are reported as derivative awards with an acquisition price of $0.00. These are grants (awards), not open-market purchases or sales.
Key Details
- Transaction date(s) and price(s): Feb 12, 2026; both awards reported at $0.00 (code A = award/grant).
- Award totals: 1,260 performance rights + 2,941 RSUs = 4,201 units granted.
- Shares owned after transaction: Not specified in the filing.
- Footnote summaries:
- Performance rights (1,260): Contingent right to receive one share at vesting; payout range 0%–200% based on three-year performance (Jan 1, 2026–Dec 31, 2028) measured by ROIC vs target and average annual EPS growth, plus a ±15% modifier based on relative TSR vs the S&P 500 Industrial Index. May be settled in cash or shares.
- RSUs (2,941): Each unit converts to one share (plus accrued dividends) and vests ratably over three years on each annual anniversary of March 1, 2026.
- Filing timing: Report filed Feb 17, 2026 for Feb 12 transactions — more than two business days after the grant date, so the filing appears to be late under typical Form 4 timing rules.
Context
These are typical long-term incentive awards intended to retain and tie pay to company performance. Performance rights depend on future metrics and may pay between 0% and 200% of the target amount (and may be settled in cash), so they are not the same as an immediate share purchase. Awards do not by themselves indicate insider buying or selling intent.
Insider Transaction Report
- Award
Performance Rights
[F1]2026-02-12+1,260→ 5,105 total→ Common Stock (1,260 underlying) - Award
Restricted Stock Units
[F2]2026-02-12+2,941→ 18,230 total→ Common Stock (2,941 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.