Form 4: Flowserve Director Ruby R. Chandy Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Ruby R. Chandy reports acquisition of phantom stock in Flowserve Corp.
Summary
- On February 21, 2025, Ruby R. Chandy, a director of Flowserve Corp, acquired 110 shares of phantom stock.
- The phantom stock is the economic equivalent of common stock and represents deferred director compensation.
- The price of the phantom stock was $54.99 per share.
- Following the transaction, Chandy directly owns 29,704 shares of phantom stock.
- The phantom stock becomes payable in common stock upon termination of service as a board member.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to director compensation, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This filing indicates a director's ongoing investment in the company through deferred compensation.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of phantom stock acquisition |
| 02/24/2025 | Date of signature on the report |
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