Form 4: Flowserve Director Cheryl H. Johnson Reports Acquisition of Phantom Stock

Director Cheryl H. Johnson reports acquisition of 509 shares of Flowserve Corp phantom stock at $59.24 per share on November 6, 2024.

Summary

• On November 6, 2024, Cheryl H. Johnson, a director of Flowserve Corp, reported the acquisition of 509 shares of phantom stock.
• The price of the phantom stock was $59.24 per share.
• Following the transaction, Johnson directly owns 5,626 shares of phantom stock.
• These shares represent deferred director compensation and are payable in common stock upon termination of service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. This filing indicates director Johnson's continued investment in Flowserve through deferred compensation.

Stakeholder Impact

• The acquisition of phantom stock by a director signals confidence in the company's future performance to shareholders.

Key Dates