0000030625-23-000022.txt : 20230221
0000030625-23-000022.hdr.sgml : 20230221
20230221163806
ACCESSION NUMBER: 0000030625-23-000022
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230216
FILED AS OF DATE: 20230221
DATE AS OF CHANGE: 20230221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gillespie Keith E.
CENTRAL INDEX KEY: 0001641570
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13179
FILM NUMBER: 23648779
MAIL ADDRESS:
STREET 1: 5215 NORTH O'CONNOR BLVD #2300
CITY: IRVING
STATE: TX
ZIP: 75039
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FLOWSERVE CORP
CENTRAL INDEX KEY: 0000030625
STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561]
IRS NUMBER: 310267900
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5215 N. O'CONNOR BLVD.
STREET 2: SUITE 700
CITY: IRVING
STATE: TX
ZIP: 75039
BUSINESS PHONE: 9724436500
MAIL ADDRESS:
STREET 1: 5215 N. O'CONNOR BLVD.
STREET 2: SUITE 700
CITY: IRVING
STATE: TX
ZIP: 75039
FORMER COMPANY:
FORMER CONFORMED NAME: DURCO INTERNATIONAL INC
DATE OF NAME CHANGE: 19970508
FORMER COMPANY:
FORMER CONFORMED NAME: DURIRON CO INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: THE DURIRON CO INC
DATE OF NAME CHANGE: 19900509
4
1
wf-form4_167701544358825.xml
FORM 4
X0306
4
2023-02-16
0
0000030625
FLOWSERVE CORP
FLS
0001641570
Gillespie Keith E.
5215 NORTH O'CONNOR BLVD
SUITE 700
IRVING
TX
75039
0
1
0
0
SVP, Chief Sales Officer
Common Stock
2023-02-16
4
M
0
1092
0
A
74822
D
Common Stock
2023-02-16
4
F
0
266
36.07
D
74556
D
Common Stock
2023-02-16
4
M
0
2787
0
A
77343
D
Common Stock
2023-02-16
4
F
0
678
36.07
D
76665
D
Common Stock
2023-02-16
4
M
0
2787
0
A
79452
D
Common Stock
2023-02-16
4
F
0
679
36.07
D
78773
D
Restricted Stock Units
2023-02-16
4
M
0
2728
0
D
Common Stock
2728.0
18739
D
Restricted Stock Units
2023-02-16
4
M
0
2728
0
D
Common Stock
2728.0
16011
D
Performance Rights
2023-02-16
4
M
0
6310
0
D
Common Stock
6310.0
17131
D
Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate of 16% (plus dividends accrued on the underlying shares) based on two factors during the three-year performance cycle beginning on January 1, 2020 and ending on December 31, 2022, which are: 1) the issuer's total shareholder return ("TSR") in comparison to the TSR percentile ranking for companies that comprise the compensation peer group over the performance cycle; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's targeted ROIC under its operating plan. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
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.
/s/ Shakeeb U. Mir, attorney-in-fact
2023-02-21