4//SEC Filing
Eckert Lee 4
Accession 0001648834-18-000003
CIK 0000030625other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:08 PM ET
Size
11.6 KB
Accession
0001648834-18-000003
Insider Transaction Report
Form 4
Eckert Lee
SVP, Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2018-02-28+18,000→ 35,500 total→ Common Stock (18,000 underlying) - Award
Performance Rights
2018-02-28+18,000→ 18,000 total→ Common Stock (18,000 underlying)
Footnotes (2)
- [F1]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 the grant.
- [F2]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, 2018 and ending on December 31, 2020 which are: 1) the issuer's relative total share holder return ("TSR") in comparison to the TSR averages of a predetermined peer group over the performance cycle; and 2) the issuer's return on invested capital measured against the issuer's performance relative to its weighted average cost of capital and relative to a predetermined peer group over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeother
Related Parties
1- filerCIK 0001648834
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:08 PM ET
- Size
- 11.6 KB