0000030625-24-000014.txt : 20240213
0000030625-24-000014.hdr.sgml : 20240213
20240213161132
ACCESSION NUMBER: 0000030625-24-000014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240209
FILED AS OF DATE: 20240213
DATE AS OF CHANGE: 20240213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Burger Elizabeth
CENTRAL INDEX KEY: 0001582071
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13179
FILM NUMBER: 24625974
MAIL ADDRESS:
STREET 1: 1000 EAST HANES MILL ROAD
CITY: WINSTON SALEM
STATE: NC
ZIP: 27105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FLOWSERVE CORP
CENTRAL INDEX KEY: 0000030625
STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561]
ORGANIZATION NAME: 06 Technology
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
wk-form4_1707858680.xml
FORM 4
X0508
4
2024-02-09
0
0000030625
FLOWSERVE CORP
FLS
0001582071
Burger Elizabeth
5215 NORTH O'CONNOR BLVD SUITE 700
IRVING
TX
75039
0
1
0
0
Chief Human Resources Officer
0
Common Stock
2024-02-09
4
M
0
4888
0
A
39979
D
Common Stock
2024-02-09
4
F
0
2024
41.50
D
37955
D
Performance Rights
2024-02-09
4
M
0
9290
0
D
Common Stock
9290
21513
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 49% (plus dividends accrued on the underlying shares) based on two factors during the three-year performance cycle beginning on January 1, 2021 and ending on December 31, 2023, which are: 1) the issuer's free cash flow ("FCF") as a percent of adjusted net income for the performance period in comparison to the issuer's targeted free cash flow as a percent of adjusted net income for the performance period, and 2) the issuer's return on invested capital ("ROIC") for each calendar year in the performance period measured against the issuer's targeted ROIC for each calendar year under its operating plan. The performance rights were also subject to a 15% payout modifier (positive or negative) based on the issuer's total shareholder return ("TSR") in comparison to the TSR of peer companies for the entire performance period.
/s/ Shakeeb U. Mir, attorney-in-fact
2024-02-13