VOPNI SCOTT K 4

What Happened

• Scott K. Vopni, Chief Accounting Officer of Flowserve Corp (FLS), converted restricted stock units (RSUs) into common shares on 2026-02-17. The filing shows a total of 5,708 RSUs converted (2,931 shares reported as acquired and 2,777 shares reported as disposed in connection with the derivative conversion).
• To cover tax withholding, 788 shares were surrendered at $89.69 per share for a withholding amount of $70,676. Based on the reported $89.69 price, the converted shares represent roughly $511,950 of stock value (5,708 × $89.69).
• This was a settlement of compensation awards (not an open-market purchase). Withholding shares for taxes is routine and does not necessarily indicate a change in insider sentiment.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely filing).
• Reported entries:
  • 2,931 shares — Conversion of derivative/RSU — Acquired (@ $0.00 reported).
  • 2,777 shares — Conversion of derivative/RSU — Disposed (reported value $0.00).
  • 788 shares — Payment of tax liability (withheld) — Disposed @ $89.69 for $70,676.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — Each RSU equals the right to one share (plus accrued dividends) and vests ratably over three years under the company’s long-term incentive plan.
• No indication of a 10b5-1 plan or late filing in this Form 4.

Context

• RSU conversion is a common way employees receive equity compensation when awards vest. Often some shares are withheld (or sold) to cover taxes; that appears to be the case here.
• The filing shows conversion/settlement of award units rather than an open-market purchase or a voluntary sale by the insider. Converted shares reported as "disposed" with zero cash value can reflect settlement/transfer mechanics in Form 4 reporting.
• For investors: award settlements and tax-withholdings are routine and don’t by themselves signal a buy or sell decision by the insider.