Form 4: Flowserve Director Acquires Phantom Stock

Flowserve Corp. Director Kenneth I. Siegel acquired 435 shares of phantom stock as deferred compensation, bringing his total beneficial ownership to 18,500 phantom shares.

Summary

• Kenneth I. Siegel, a Director at Flowserve Corp. (FLS), acquired 435 shares of phantom stock.
• The transaction occurred on November 13, 2025.
• Each share of phantom stock is the economic equivalent of one share of common stock.
• This acquisition represents director compensation deferred in the form of common stock pursuant to the issuer's deferred compensation plan.
• The phantom stock becomes payable in the form of common stock upon Siegel's termination of service as a member of Flowserve's board of directors.
• Following this transaction, Siegel beneficially owns 18,500 shares of phantom stock.
• The price of the derivative security was $69.27.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by a director, as part of a deferred compensation plan, generally indicates continued alignment of interests between management and shareholders, which is a moderately positive signal.

Positives

• Director Kenneth I. Siegel increased his beneficial ownership of phantom stock by 435 shares, aligning his interests further with shareholders.
• The acquisition is part of a deferred compensation plan, indicating a structured approach to executive remuneration that ties compensation to long-term company performance.

Future Outlook

The phantom stock acquired by Director Kenneth I. Siegel will become payable in the form of common stock upon his termination of service as a member of Flowserve Corp.'s board of directors.

Industry Context

This filing reflects a routine insider transaction related to director compensation, which is a common practice across various industries for aligning management and director interests with shareholders.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock, are standard practice for director remuneration in many publicly traded companies, aiming to retain talent and align long-term interests with shareholder value.

Corporate Governance

Related Party Transactions

• Acquisition of 435 shares of phantom stock by Director Kenneth I. Siegel as part of the issuer's deferred compensation plan.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of director's interests with long-term company performance.

Next Steps

• The phantom stock will convert into common stock upon Kenneth I. Siegel's termination of service as a director.

Key Dates

Keywords

FLS, Flowserve, Kenneth Siegel, Director, Phantom Stock, Deferred Compensation, Insider Transaction, Form 4