Form 4: Flowserve Director Gayla J Delly Acquires Shares in Annual Restricted Stock Grant

Director Gayla J Delly acquired 3,210 shares of Flowserve Corp common stock at $49.84 per share as part of an annual restricted stock grant.

Summary

• On May 16, 2024, Gayla J Delly, a director of Flowserve Corp, acquired 3,210 shares of common stock at a price of $49.84 per share.
• This acquisition was part of the annual restricted stock grant for directors under the Flowserve Long-Term Incentive Plan.
• The acquired shares will vest on May 16, 2025.
• Following the transaction, Ms. Delly directly owns 21,597 shares of Flowserve Corp common stock.
• Ms. Delly also holds 45,981 shares of phantom stock, which are payable in common stock upon termination of her service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction (stock grant) that aligns director interests with shareholders, suggesting confidence in the company's future.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future performance.
• The restricted stock grant aligns the director's interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the restricted stock in May 2025 suggests a continued commitment to the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock grants as part of their compensation packages, aligning their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with restricted stock grants being a common component.
• Vesting schedules for restricted stock typically range from one to five years, with one-year vesting being relatively common for annual grants.
• Companies like General Electric, Siemens, and Emerson Electric also utilize similar long-term incentive plans for their executives and directors.

Stakeholder Impact

• The stock acquisition by a director can positively influence shareholder sentiment.
• The vesting of restricted stock aligns the director's interests with long-term shareholder value.

Key Dates