Form 4: Flowserve Director Roberts Jr. Acquires Phantom Stock
SEC Form 4 Filing
Director David E. Roberts Jr. acquired phantom stock in Flowserve Corp, representing deferred director compensation.
Summary
- On May 16, 2024, David E. Roberts Jr., a director of Flowserve Corp, acquired 3,210 shares of phantom stock.
- The phantom stock represents deferred director compensation and is the economic equivalent of common stock.
- The shares become payable in common stock upon termination of service as a board member.
- Following the transaction, Roberts directly owns 51,283 derivative securities.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't inherently suggest positive or negative sentiment, but rather transparency.
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 provides transparency to shareholders regarding director compensation.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of phantom stock acquisition |
| 05/17/2024 | Date of signature |
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