Form 4: Flowserve Director Cheryl H. Johnson Acquires Phantom Stock
SEC Form 4 Filing
Director Cheryl H. Johnson acquired 682 shares of Flowserve Corp phantom stock on February 27, 2024, representing deferred director compensation.
Summary
- On February 27, 2024, Cheryl H. Johnson, a director of Flowserve Corp, acquired 682 shares of phantom stock.
- The phantom stock represents deferred director compensation in the form of common stock.
- Each share of phantom stock is economically equivalent to one share of Flowserve common stock.
- The acquisition price was $42.17 per share.
- The shares become payable in common stock upon termination of service as a board member.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding 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.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Cheryl H. Johnson acquired 682 shares of phantom stock. |
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