Form 4: Flowserve Director Kenneth I. Siegel Acquires Phantom Stock
SEC Form 4 Filing
Director Kenneth I. Siegel acquired phantom stock in Flowserve Corp, representing deferred compensation.
Summary
- On May 5, 2025, Kenneth I. Siegel, a director of Flowserve Corp, acquired 639 shares of phantom stock at a price of $47.25.
- These shares represent deferred director compensation and are the economic equivalent of common stock.
- The phantom stock becomes payable in common stock upon termination of service as a board member.
- Following the transaction, Siegel directly owns 14,426 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a director's compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of phantom stock, a common form of deferred compensation.
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 phantom stock acquisition |
Keywords
Form 4, Flowserve, Director, Phantom Stock, Deferred Compensation, FLS, Acquisition
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