VOPNI SCOTT K 4

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.