Form 4: Flowserve Director Kenneth Siegel Reports Acquisition of Phantom Stock

Director Kenneth Siegel reports acquisition of phantom stock equivalent to 549 shares of Flowserve common stock due to deferred compensation.

Summary

• Kenneth Siegel, a director of Flowserve Corp, reported acquiring 549 shares of phantom stock on February 21, 2025.
• The phantom stock is the economic equivalent of common stock and represents deferred director compensation.
• The price of the derivative security is $54.99.
• Following the transaction, Siegel beneficially owns 13,787 shares of phantom stock directly.
• The phantom stock becomes payable in the form of common stock upon termination of service as a board member.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to director compensation, and does not indicate any significant positive or negative sentiment.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation.

Key Dates