In 2023, R. Scott Rowe earned $3.89M in total compensation at Flowserve, including $1.20M salary and $2.67M bonus. Most recently sold 100,000 shares in May 2024. Currently holds stock worth $43.14M. 8+ years at the helm of Flowserve.
Compensation History
Annual executive compensation data for R. Scott Rowe, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.89M
Salary
$1.20M
Bonus
$2.67M
Other
$21.00K
Salary
$1.20MBoard 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
$2.67MBoard 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 Compensation
$21.00KBoard Justification
Other compensation includes defined contribution retirement plan contributions, insurance premiums, and other benefits.
Restricted Stock
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.
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 8 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.
Other Flowserve CEOs
Holdings
Track R. Scott Rowe's stock holdings and portfolio value over time.
Total Stock Sold
$5.99M
$4.93M
100,000 FLS shares
$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 $7.20M and SLB12,871 shares worth $495.02K.
This is 28.59% and $1.71M more than what they got when they sold the stock.
Insider Trading
R. Scott Rowe's recent stock transactions, purchases, and sales filed with the SEC.
$4.94M
FLS at $49.43/share
May 22, 2024
Sale
5,312 shares
SLB
Dec 31, 2016
Received
$418.48K
SLB at $85.93/share
Dec 14, 2016
Sale
$645.28K
SLB at $80.65/share
Jul 27, 2016
Sale
Rivals
Compare R. Scott Rowe with competitor CEOs and industry peers.
Vicente Reynal
CEO of Ingersoll Rand
2023 Compensation
Stock
$0.00
Salary
$1.13M
Bonus
$3.43M
Other
$175.95K
Total Holdings
$49.37M
Richard J. Tobin
CEO of Dover
2023 Compensation
Stock
$3.25M
Salary
$1.29M
Bonus
$2.00M
Other
$207.19K
Total Holdings
$104.20K
Mark W. Sheahan
CEO of Graco
2023 Compensation
Stock
$0.00
Salary
$985.00K
Bonus
$1.30M
Other
$26.76K
Total Holdings
$110.45K
Max H. Mitchell
CEO of Crane Co.
2023 Compensation
Stock
$0.00
Salary
$1.06M
Bonus
$2.73M
Other
$1.19M
Total Holdings
$4.05M
Nicholas Fanandakis
CEO of ITT
2023 Compensation
Stock
$0.00
Salary
$1.09M
Bonus
$0.00
Other
$158.98K
Total Holdings
$3.19M