Form 4: Flowserve Director Sujeet Chand Acquires Phantom Stock

Director Sujeet Chand acquired 2,573 shares of phantom stock as part of Flowserve Corporation's deferred compensation plan.

Summary

• Director Sujeet Chand was granted 2,573 shares of phantom stock on May 14, 2026.
• The phantom stock is valued at $67.99 per share.
• This transaction represents deferred director compensation under the company's established plan.
• Following this transaction, the director's total beneficial ownership of phantom stock is 28,426 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• Demonstrates alignment of director interests with shareholders through equity-based compensation.
• Reflects standard corporate governance practice for director compensation deferral.

Negatives

• None identified.

Risks

• Value of phantom stock is tied to the future performance of Flowserve common stock.

Future Outlook

The phantom stock units will become payable in common stock upon the reporting person's termination of service as a member of the board of directors.

Management Comments

• Each share of phantom stock is the economic equivalent of one share of common stock, and represents director compensation deferred in the form of common stock pursuant to the issuer's deferred compensation plan.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation, common among large-cap industrial companies to ensure board members maintain a long-term stake in company performance.

Comparison to Industry Standards

• The use of phantom stock for director compensation is a standard practice among S&P 500 industrial firms to align board incentives with long-term shareholder value.
• The structure of the grant is consistent with typical deferred compensation plans seen at peer companies like Emerson Electric or Ingersoll Rand.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation arrangement.

Next Steps

• The phantom stock will be converted to common stock upon the director's eventual departure from the board.

Key Dates

Keywords

Flowserve, FLS, Director Compensation, Phantom Stock, Insider Transaction, SEC Form 4