Form 4: Flowserve Corp: Chief Legal Officer Reports Stock Transactions
SEC Form 4
Susan Claire Hudson, Chief Legal Officer of Flowserve Corp, reports acquisition and disposal of common stock and derivative securities.
Summary
- On February 13, 2025, Susan Claire Hudson, Chief Legal Officer of Flowserve Corp, reported transactions involving Flowserve Corp (FLS) common stock and derivative securities.
- Hudson acquired 4,642 shares of common stock.
- Hudson disposed of 1,866 shares of common stock at a price of $62.
- Hudson also acquired 6,407 performance rights and 6,407 restricted stock units, each representing the right to receive one share of common stock.
- 4,372 performance rights vested at a rate of 76.7%.
- Following these transactions, Hudson beneficially owns 11,981 shares of common stock, 31,066 performance rights, and 24,335 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherently positive or negative implications.
Positives
- The acquisition of performance rights and restricted stock units aligns the executive's interests with the company's long-term performance.
Future Outlook
The performance rights vesting is based on ROIC and FCF targets over a three-year period (2025-2027) and is subject to a TSR modifier.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the executive's holdings and trading activity.
Key Dates
| Date | Description |
|---|---|
| January 1, 2022 | Start date of a three-year performance cycle for performance rights that vested on 02/13/2025. |
| December 31, 2024 | End date of a three-year performance cycle for performance rights that vested on 02/13/2025. |
| January 1, 2025 | Start date of a three-year performance cycle for performance rights. |
| February 13, 2025 | Date of reported stock transactions. |
| March 1, 2025 | Annual anniversary date for vesting of restricted stock units. |
| December 31, 2027 | End date of a three-year performance cycle for performance rights. |
| February 18, 2025 | Date of signature for the report. |
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