Rowe Robert Scott 4

What Happened

• Robert Rowe, President & CEO (and Director) of Flowserve Corp., had restricted stock units (RSUs) convert into common shares on 2026-02-17. The filing reports an acquisition of 29,162 shares via conversion of derivatives (code M) at $0.00 per share.
• To satisfy tax withholding, 11,476 shares were surrendered (code F) at an indicated value of $89.69 per share, totaling $1,029,282. The report also shows a separate derivative conversion/disposition of 27,633 shares (code M) at $0.00.
• This was not an open-market sale or purchase by the CEO — it reflects vesting/conversion of compensation awards and routine tax withholding.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely).
• Reported items:
  • M: 29,162 shares acquired (conversion) at $0.00
  • F: 11,476 shares withheld for taxes at $89.69/share = $1,029,282
  • M: 27,633 shares disposed (conversion/derivative) at $0.00
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: The RSUs represent the right to receive one share at settlement and vest ratably over three years (issuer’s long-term incentive plan).
• No indication of a 10b5-1 plan or late filing in the provided data.

Context

• Code M denotes exercise/conversion of a derivative (here, RSUs converting to common stock). Code F denotes shares surrendered to pay taxes — a routine net settlement with no cash proceeds to the insider.
• Such conversions are common upon vesting of long-term awards and do not, by themselves, indicate a buy or sell decision in the open market.