Hudson Susan Claire 4
Research Summary
AI-generated summary
Flowserve (FLS) CLO Susan Hudson Exercises RSUs, 3,296 Shares
What Happened
Susan Claire Hudson, Chief Legal Officer of Flowserve Corporation, had restricted stock units (RSUs) convert to common shares on Feb 17, 2026. The filing shows 3,296 shares acquired via conversion of a derivative (code M). To cover tax withholding (code F), 1,297 shares were surrendered at $89.69 per share for a total value of $116,328. The report also lists a separate derivative conversion/ disposition of 3,123 shares (reported with $0.00 per-share value in the filing).
Key Details
- Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (appears timely).
- Acquired: 3,296 shares via exercise/conversion of derivative (code M) at $0.00 per share (RSU settlement).
- Tax withholding: 1,297 shares disposed (code F) at $89.69/share = $116,328 (surrendered to cover tax liability).
- Additional derivative line: 3,123 shares reported as a conversion/disposition (code M) with $0.00 per-share value in the filing.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Footnote: RSUs represent the right to receive one share at settlement (plus accrued dividends) and vest ratably over three years under the company’s long-term incentive plan.
Context
This appears to be a routine RSU vesting/settlement event, with shares withheld to satisfy tax obligations (common and not a directional market trade). Code M indicates exercise/conversion of a derivative (here, RSU settlement); code F indicates shares surrendered for payment of tax liability. There is no indication in this filing of an open-market purchase or separate voluntary sale by the insider.