Form 4: Flowserve Director Taylor Acquires Phantom Stock

Director Carlyn R. Taylor acquired 509 shares of Flowserve Corp phantom stock on November 6, 2024, according to a Form 4 filing.

Summary

• Carlyn R. Taylor, a director of Flowserve Corp, reported a transaction on November 6, 2024.
• Taylor acquired 509 shares of phantom stock at a price of $59.24.
• Following the transaction, Taylor directly owns 28,626 shares of phantom stock.
• The phantom stock is the economic equivalent of common stock and represents deferred director compensation.
• The shares become payable in common stock upon termination of service as a board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through deferred compensation. It's a routine transaction, but indicates alignment with shareholder interests.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. This filing indicates a director's ongoing investment in the company through deferred compensation.

Stakeholder Impact

• The transaction signals to shareholders that a director is invested in the company's long-term success.

Key Dates