Form 4: Flowserve Director John L. Garrison Jr. Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director John L. Garrison Jr. reports acquiring phantom stock representing deferred compensation in Flowserve Corp.
Summary
- On May 5, 2025, John L. Garrison Jr., a director of Flowserve Corp, acquired 365 shares of phantom stock.
- The phantom stock represents deferred director compensation and is the economic equivalent of common stock.
- These shares become payable as common stock upon termination of service as a board member.
- Following the transaction, Garrison directly owns 31,743 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects deferred compensation for a director.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: Acquisition of phantom stock |
Keywords
Form 4, Flowserve, Director, Phantom Stock, Garrison, Deferred Compensation, FLS
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