Keith E. Gillespie - Feb 27, 2022 Form 4 Insider Report for FLOWSERVE CORP (FLS)

Role: SVP, Chief Sales Officer
Signature: /s/ Shakeeb U. Mir, attorney-in-fact
Stock symbol: FLS
Transactions as of: Feb 27, 2022
Transactions value $: -$18,597
Form type: 4
Date filed: 3/1/2022, 04:04 PM
Previous filing: Feb 22, 2022
Next filing: Feb 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLS	Common Stock	Options Exercise	$0	+2.56K	+3.67%	$0.00	72.1K	Feb 27, 2022	Direct
transaction	FLS	Common Stock	Tax liability	-$18.6K	-623	-0.86%	$29.85	71.5K	Feb 27, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FLS	Restricted Stock Units	Options Exercise	$0	-2.39K	-8.87%	$0.00	24.5K	Feb 27, 2022	Common Stock	2.39K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.