Form 4: Flowserve Director Okray Receives Annual Restricted Stock Grant

Director Thomas B. Okray acquired 3,210 shares of Flowserve Corp common stock as part of an annual restricted stock grant, vesting on May 16, 2025.

Summary

• On May 16, 2024, Thomas B. Okray, a director of Flowserve Corp, acquired 3,210 shares of common stock.
• The acquisition was part of the annual restricted stock grant under the Flowserve Long-Term Incentive Plan.
• The shares were acquired at a price of $49.84 per share.
• These shares vest on May 16, 2025.
• Following the transaction, Okray directly owns 7,663 shares of Flowserve Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting period of one year encourages continued service and commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock.

Industry Context

This type of stock grant is a common practice for aligning the interests of company directors with those of shareholders, incentivizing long-term value creation.

Comparison to Industry Standards

• Stock grants to directors are a standard component of compensation packages in publicly traded companies like Flowserve.
• Companies such as General Electric, Siemens, and Emerson Electric also utilize stock grants as part of their director compensation plans.
• The vesting period of one year is fairly typical, although some companies may use longer vesting periods to further incentivize long-term commitment.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit shareholder value.
• The vesting period encourages the director's continued service, which can benefit the company and its stakeholders.

Key Dates