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 February 27, 2024, Carlyn R. Taylor, a director of Flowserve Corp, acquired 682 shares of phantom stock.
• The phantom stock represents deferred director compensation and is the economic equivalent of common stock.
• The price of the derivative security was $42.17.
• Following the transaction, Taylor directly owns 23,682 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a director's acquisition of phantom stock, which is a neutral event. The sentiment is slightly positive as it reflects alignment of interests between the director and shareholders.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates director compensation in the form of phantom stock, a common practice.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates