Form 4: Director Ruby R. Chandy Acquires Phantom Stock in Flowserve Corp (FLS)
SEC Form 4 Filing
Ruby R. Chandy, a director of Flowserve Corp, acquired phantom stock representing deferred director compensation.
Summary
- On May 16, 2025, Ruby R. Chandy, a director of Flowserve Corp, acquired 3,099 shares of phantom stock.
- The phantom stock represents deferred director compensation and is the economic equivalent of common stock.
- The shares were acquired at a price of $51.62 per share.
- Following the transaction, Chandy directly owns 32,930 shares of phantom stock.
- The phantom stock becomes payable in the form of common stock upon Chandy's termination of service as a board member.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard compensation transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of transaction: Ruby R. Chandy acquired phantom stock. |
| 05/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Flowserve Corp, Director, Phantom Stock, Form 4, Beneficial Ownership, Deferred Compensation, FLS, Chandy
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