Form 4: Flowserve Director Cheryl H. Johnson Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Cheryl H. Johnson reported the acquisition of phantom stock in Flowserve Corp on August 1, 2024.
Summary
- On August 1, 2024, Cheryl H. Johnson, a director of Flowserve Corp, reported acquiring 615 shares of phantom stock at a price of $49.04 per share.
- Following this transaction, Johnson directly owns 5,117 shares of phantom stock.
- These phantom stock shares are the economic equivalent of common stock and represent deferred director compensation.
- The shares become payable as common stock upon Johnson's termination of service as a board member.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. This allows the public to see how company insiders are trading their company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of phantom stock transaction and filing date. |
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