Form 4: Flowserve Director Chand Sujeet Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Chand Sujeet reports acquisition of phantom stock representing deferred compensation in Flowserve Corp.
Summary
- On May 16, 2024, Flowserve Corp Director Chand Sujeet acquired 3,210 shares of phantom stock.
- The phantom stock represents deferred director compensation.
- Each share of phantom stock is equivalent to one share of common stock.
- The shares become payable in common stock upon termination of service as a board member.
- The price of the phantom stock is $49.84.
- Following the transaction, Chand Sujeet directly owns 22,754 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to director compensation, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Chand Sujeet acquired phantom stock |
| 05/17/2024 | Date of signature for the Form 4 filing |
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