Form 4: Flowserve Director Cheryl H. Johnson Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Cheryl H. Johnson reports acquisition of phantom stock in Flowserve Corp.
Summary
- On May 5, 2025, Cheryl H. Johnson, a director of Flowserve Corp, acquired 639 shares of phantom stock at a price of $47.25.
- Following the transaction, Johnson directly owns 6,814 shares of phantom stock.
- The phantom stock is the economic equivalent of common stock and represents deferred director compensation.
- The shares become payable in common stock upon termination of service as a board member.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.
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 provides transparency to shareholders regarding director compensation.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of phantom stock acquisition |
| 05/05/2025 | Date of report signature |
Keywords
Flowserve Corp, Director, Phantom Stock, Form 4, SEC Filing, Johnson, Cheryl H. Johnson, FLS
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