Flowserve (NYSE: FLS) CEO adds shares through stock purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowserve Corporation President & CEO Robert Scott Rowe acquired additional company stock through an employee program. He received 61 shares of common stock at $73.51 per share under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan in a prescheduled transaction. Following this grant, he directly holds 507,657 shares of Flowserve common stock, indicating this was a small, routine, compensation-related acquisition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rowe Robert Scott
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 61 | $73.51 | $4K |
Holdings After Transaction:
Common Stock — 507,657 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 61 shares
Acquisition price: $73.51 per share
Post-transaction holdings: 507,657 shares
3 metrics
Shares acquired
61 shares
Common Stock acquired in prescheduled ESPP transaction
Acquisition price
$73.51 per share
Price for 61 shares under 2024 Employee Stock Purchase Plan
Post-transaction holdings
507,657 shares
Total Flowserve common shares held directly by CEO after grant
Key Terms
non-qualified, Employee Stock Purchase Plan, grant/award acquisition
3 terms
non-qualified financial
"Shares acquired under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan"
Employee Stock Purchase Plan financial
"Shares acquired under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
grant/award acquisition financial
"transaction_action: grant/award acquisition for 61.0000 shares of Common Stock"
FAQ
What insider transaction did Flowserve (FLS) report for its CEO?
Flowserve reported that President & CEO Robert Scott Rowe acquired 61 shares of common stock. The shares were obtained at $73.51 each through the company’s 2024 Employee Stock Purchase Plan in a prescheduled transaction, increasing his direct holdings to 507,657 shares.
What is the Flowserve (FLS) 2024 Employee Stock Purchase Plan mentioned in the filing?
The filing states that the CEO’s 61-share acquisition occurred under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan. This indicates shares were bought via an employer-sponsored stock purchase program in a prescheduled transaction, rather than a regular market trade initiated at will.