Form 4: Flowserve Director John L. Garrison Jr. Reports Acquisition of Phantom Stock

Director John L. Garrison Jr. reports acquisition of phantom stock representing deferred compensation in Flowserve Corp.

Summary

• On February 21, 2025, John L. Garrison Jr., a director of Flowserve Corp, acquired 313 shares of phantom stock.
• The phantom stock represents deferred director compensation in the form of common stock.
• Each share of phantom stock is equivalent to one share of common stock.
• The shares become payable in common stock upon termination of service as a board member.
• Following the transaction, Garrison directly owns 31,378 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction related to director compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock will be converted to common stock upon the director's termination of service.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Stakeholder Impact

• The transaction affects the director's holdings in the company.
• Shareholders are informed of changes in beneficial ownership by company insiders.

Key Dates

Keywords

Form 4, Flowserve, Director, Phantom Stock, Garrison, Deferred Compensation, FLS