Form 4: Flowserve Director Carlyn R. Taylor Reports Acquisition of Phantom Stock

Director Carlyn R. Taylor reports acquisition of phantom stock representing deferred compensation in Flowserve Corp.

Summary

• On May 16, 2024, Carlyn R. Taylor, a director of Flowserve Corp, acquired 3,210 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 $49.84 per share.
• Following the transaction, Taylor directly owns 27,502 shares of phantom stock.
• The phantom stock becomes payable in the form of common stock upon termination of service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider activity related to compensation, indicating alignment with company performance.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• Deferred compensation in the form of stock can be seen as a positive sign of confidence in the company's future.

Future Outlook

The phantom stock will be converted to common stock upon the director's termination of service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor positive impact on stakeholders as it aligns director compensation with company performance.

Key Dates