FLS.NYSEFlowserve CORP

Form 4: Flowserve CEO Robert Rowe Sells Shares in Multiple Transactions

Sentiment:

SEC Form 4 Filing

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Flowserve Corp's President and CEO, Robert Scott Rowe, executed multiple sales of common stock on May 22nd and 23rd, 2024.

Summary

  • Robert Scott Rowe, President & CEO of Flowserve Corp, sold shares of common stock on May 22 and May 23, 2024.
  • On May 22, 2024, Rowe sold 42,269 shares at an average price of $49.98 per share.
  • On May 23, 2024, Rowe sold 17,549 shares at an average price of $48.96 per share.
  • Also on May 23, 2024, Rowe sold 40,182 shares at an average price of $49.36 per share.
  • Following these transactions, Rowe directly owns 349,512 shares of Flowserve Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity (stock sale). The sentiment is neutral as it simply reports facts without expressing any opinion or forward-looking statements.

Industry Context

Executive stock sales are a common occurrence and are often part of personal financial planning. However, significant sales by top executives can sometimes be interpreted negatively by the market if not clearly explained.

Key Dates

DateDescription
05/22/2024Robert Rowe sold 42,269 shares of Flowserve common stock at a weighted average price of $49.98.
05/23/2024Robert Rowe sold 17,549 shares of Flowserve common stock at a weighted average price of $48.96.
05/23/2024Robert Rowe sold 40,182 shares of Flowserve common stock at a weighted average price of $49.36.
05/23/2024Date of signature by attorney-in-fact Shakeeb U. Mir.

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