Flowserve (NYSE: FLS) director awarded 345 phantom stock units as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowserve director Cheryl H. Johnson was granted 345 shares of phantom stock on 02/11/2026 as part of her director compensation. Each phantom stock share is economically equivalent to one share of Flowserve common stock and is issued under the company’s deferred compensation plan.
After this award, Johnson beneficially owns 11,233 phantom stock shares directly. These phantom shares will be paid out in Flowserve common stock when she terminates her service on the company’s board of directors, aligning her compensation with long-term shareholder value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Cheryl H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 345 | $87.37 | $30K |
Holdings After Transaction:
Phantom Stock — 11,233 shares (Direct)
Footnotes (1)
- 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. The shares of phantom stock become payable in the form of common stock upon the reporting person's termination of service as a member of the issuer's board of directors.
FAQ
What insider transaction did Flowserve (FLS) director Cheryl H. Johnson report?
Cheryl H. Johnson reported receiving 345 shares of Flowserve phantom stock as director compensation. Each phantom share is economically equivalent to one common share and was granted under the company’s deferred compensation plan on February 11, 2026, increasing her deferred holdings.
What is Flowserve phantom stock as reported in this Form 4 for FLS?
Flowserve phantom stock is a deferred compensation instrument for directors, economically equal to one common share per unit. In this filing, phantom stock compensates Cheryl H. Johnson for board service and will be paid in Flowserve common stock upon her termination from the board.
When will Cheryl H. Johnson’s Flowserve phantom stock units be paid out?
Johnson’s phantom stock units will be paid in Flowserve common stock when she terminates service as a board member. The units are designed as long-term, deferred director compensation rather than immediate cash, aligning board incentives with the company’s share performance over time.
Was the Flowserve (FLS) phantom stock transaction a market purchase or sale?
The transaction was a grant of 345 phantom stock units classified as an acquisition under director compensation, not an open-market trade. It reflects stock-based fees awarded for board service, rather than Johnson buying or selling Flowserve common shares in the public market.