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

Director Gayla J Delly acquired 3,099 shares of Flowserve Corp common stock at $51.62 per share as part of an annual restricted stock grant.

Summary

• On May 16, 2025, Gayla J Delly, a director of Flowserve Corp, acquired 3,099 shares of common stock at a price of $51.62 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 the earlier of May 16, 2026, or the date of Flowserve's 2026 annual meeting of shareholders.
• Following the transaction, Ms. Delly directly owns 22,996 shares of Flowserve Corp common stock.
• Ms. Delly also holds 45,981 shares of phantom stock, which are payable in the form of common stock upon termination of her service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally a good sign, indicating confidence in the company's prospects. However, it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the vesting of the restricted stock is tied to the director's continued service and the company's annual meeting.

Industry Context

This type of stock grant is a common practice for compensating and incentivizing board members in publicly traded companies. It aligns the director's interests with those of the shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units (RSUs).
• The vesting schedule of the restricted stock is typical, often tied to continued service on the board.
• Companies like General Electric, Siemens, and ABB also use similar long-term incentive plans for their executives and board members.

Stakeholder Impact

• The stock acquisition by a director can positively influence shareholder sentiment.

Key Dates

Keywords

Flowserve, Director, Stock Acquisition, Restricted Stock, Form 4, Beneficial Ownership, Phantom Stock, Long-Term Incentive Plan