Sundar PichaiSundar Pichai earned $164M in 2023

R. Scott Rowe is the CEO of Flowserve Corporation, a company he has led since April 2017. Before joining Flowserve, he was the President of the Cameron Group at Schlumberger, where he played a significant role in the oil and...

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R. Scott Rowe

CEO of Flowserve

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1971 - 54 years ago

CEO of Flowserve for

8 years 0 months (Apr 2017 - Present)

Previous Experience

President of a division of Schlumberger Limited named Cameron Group, President and Chief Executive Officer of Cameron, President and Chief Operating Officer of Cameron, Chief Executive Officer of OneSubsea, President of the Subsea Systems division of Cameron, President of the Engineered and Process Valves division of Cameron.

Holdings

See how much did R. Scott Rowe make over time.

R. Scott Rowe has shown a keen interest in Flowserve's stock, with his holdings peaking significantly in recent years. In early 2023, his insider trading activities reflected a notable value of around $16 million. The trajectory of his stock value...

Total Stock Sold

$5.99M

FLS

$4.93M

100,000 FLS shares

SLB

$1.05M

12,871 SLB shares

What if they kept their stock?

If R. Scott Rowe didn't sell their stock, today they would have:
Extra FLS100,000 shares worth $2.72M and SLB12,871 shares worth $211.99K.
This is -51.05% and $3.06M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of R. Scott Rowe.

FLS

$4.94M

FLS at $49.43/share

May 22, 2024

Sale

SLB

5,312 shares

SLB

Dec 31, 2016

Received

SLB

$418.48K

SLB at $85.93/share

Dec 14, 2016

Sale

SLB

$645.28K

SLB at $80.65/share

Jul 27, 2016

Sale

Compensation History

See how much did R. Scott Rowe make over time.

In 2023, R. Scott Rowe's total compensation was reported at $10,583,487, reflecting a mix of base salary, performance bonuses, and other benefits. His base salary was around $1.2 million, but his performance bonus was significantly higher at about $2.67 million, a result of the company exceeding its performance goals. Rowe's compensation illustrates Flowserve's commitment to align executive pay with company performance, which is evident in his hefty bonuses linked to metrics like operating income and customer engagement. His overall compensation philosophy emphasizes rewarding results and driving value for shareholders, which has been a hallmark of his tenure at the helm of Flowserve. Overall, his pay represents a structure designed to attract talent while securing the interests of stakeholders.

Year

2023

Total Compensation

$3.89M

Salary

$1.20M

Board Justification

The compensation philosophy is designed to attract and retain high-quality leaders, align incentives with company performance, and provide competitive compensation that reflects market conditions.

Bonus

$2.67M

Board Justification

The annual incentive plan payout for 2023 was 178% of the target amount, based on performance metrics including adjusted operating income, customer bookings, and adjusted primary working capital as a percentage of sales.

Other

$21.00K

Board Justification

Other compensation includes defined contribution retirement plan contributions, insurance premiums, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2023; the amounts listed are for performance share units and restricted stock units that are not included in the total compensation calculation.

Performance Metrics

Performance metrics for 2023 included adjusted operating income, customer bookings, and adjusted primary working capital as a percentage of sales.

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