Form 4: Flowserve Director Ross B. Shuster Reports Acquisition of 3,099 Shares
SEC Form 4 Filing
Director Ross B. Shuster reports acquiring 3,099 shares of Flowserve Corp common stock at $51.62 per share on May 16, 2025, through a restricted stock grant.
Summary
- On May 16, 2025, Ross B. Shuster, a director of Flowserve Corp, acquired 3,099 shares of common stock.
- The acquisition was part of an annual restricted stock grant under the Flowserve Long-Term Incentive Plan.
- The price per share was $51.62.
- The shares vest on the earlier of May 16, 2026, or the date of Flowserve's 2026 annual meeting of shareholders.
- Following the transaction, Mr. Shuster directly owns 3,099 shares of Flowserve Corp.
- The report was filed on May 19, 2025, by Shakeeb Mir, attorney-in-fact.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which can be seen as a sign of confidence. However, it's a routine transaction related to compensation.
Positives
- The acquisition of shares by a director signals confidence in the company's future performance.
Future Outlook
The shares vest on the earlier of May 16, 2026 or the date of Flowserve's 2026 annual meeting of shareholders.
Industry Context
This is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies.
Stakeholder Impact
- The acquisition of shares by a director may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of transaction: Ross B. Shuster acquired 3,099 shares of Flowserve Corp common stock. |
| 05/16/2026 | Vesting date of the restricted stock grant, or the date of Flowserve's 2026 annual meeting of shareholders, whichever is earlier. |
| 05/19/2025 | Date the Form 4 was signed. |
Keywords
Flowserve, Director, Share Acquisition, Restricted Stock, Form 4, Long-Term Incentive Plan, Ross B. Shuster
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.