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

• Carlyn R. Taylor, a director of Flowserve Corp, filed a Form 4 on May 2, 2024, reporting a transaction.
• The transaction involved the acquisition of 610 shares of phantom stock at a price of $47.1 per share.
• These shares represent deferred director compensation in the form of common stock.
• Following the reported transaction, Taylor beneficially owns 24,292 shares of phantom stock.
• The phantom stock becomes payable in common stock upon termination of service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. 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 a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of phantom stock by a director can reassure shareholders that management's interests are aligned with theirs.

Key Dates