Form 4: Flowserve Director Cheryl H. Johnson Acquires Phantom Stock

Director Cheryl H. Johnson acquired phantom stock in Flowserve Corp, representing deferred compensation.

Summary

• On May 16, 2025, Cheryl H. Johnson, a director of Flowserve Corp, acquired 3,099 shares of phantom stock.
• The phantom stock represents director compensation deferred in the form of common stock.
• Each share of phantom stock is the economic equivalent of one share of common stock.
• The shares become payable in the form of common stock upon termination of service as a board member.
• Following the transaction, Johnson directly owns 9,913 derivative securities.
• The price of the derivative security is $51.62.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates

Keywords

Flowserve, Director, Phantom Stock, Deferred Compensation, Form 4, Securities, FLS