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

Director John L. Garrison Jr. reported acquiring phantom stock in Flowserve Corp. through a deferred compensation plan.

Summary

• On May 16, 2025, John L. Garrison Jr., a director of Flowserve Corp., acquired 3,099 shares of phantom stock.
• The phantom stock was acquired as part of director compensation deferred in the form of common stock under the issuer's deferred compensation plan.
• Each share of phantom stock is equivalent to one share of common stock.
• The price of the phantom stock was $51.62 per share.
• Following the transaction, Garrison directly owns 34,842 derivative securities.
• The shares of phantom stock become payable in the form of common stock upon Garrison's termination of service as a member of the board of directors.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of insider transactions. The acquisition of phantom stock is a common practice for director compensation.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.
• Deferred compensation plans can be tax-efficient for both the company and the director.

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 has a minimal direct impact on stakeholders.
• It provides transparency regarding director compensation and alignment with shareholder interests.

Key Dates

Keywords

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