Flowserve (NYSE: FLS) director awarded restricted stock and phantom units
Rhea-AI Filing Summary
McMurray Michael C. reported acquisition or exercise transactions in this Form 4 filing.
Flowserve Corp director Michael C. McMurray received an equity grant of 2,573 shares of common stock as director compensation. The shares were granted at a reference price of $67.99 per share and increase his directly held common stock to 5,672 shares.
The grant represents his annual restricted stock award under the Flowserve Equity and Incentive Compensation Plan and will vest on the earlier of May 14, 2027 or the company’s 2027 annual meeting of shareholders. In addition, he holds phantom stock units economically equivalent to 13,934 shares of common stock, payable in common stock when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,573 shares
Net Buy
2 txns
Insider
McMurray Michael C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,573 | $67.99 | $175K |
| holding | Phantom Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,672 shares (Direct);
Phantom Stock — 13,934 shares (Direct)
Footnotes (3)
- F1. Represents the annual restricted stock grant for the director under the Flowserve Equity and Incentive Compensation Plan. The shares vest on the earlier of May 14, 2027 or the date of Flowserve's 2027 annual meeting of shareholders.
- F2. 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.
- F3. 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.
Key Figures
Restricted stock grant: 2,573 shares
Grant reference price: $67.99 per share
Common shares held after grant: 5,672 shares
+1 more
4 metrics
Restricted stock grant
2,573 shares
Annual director equity award
Grant reference price
$67.99 per share
Common stock grant on May 14, 2026
Common shares held after grant
5,672 shares
Direct ownership following the transaction
Phantom stock underlying shares
13,934 shares
Economically equivalent to common stock; payable at board exit
Key Terms
restricted stock grant, phantom stock, deferred compensation plan, Equity and Incentive Compensation Plan
4 terms
restricted stock grant financial
"Represents the annual restricted stock grant for the director under the Flowserve Equity and Incentive Compensation Plan."
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
phantom stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock, and represents director compensation deferred."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
deferred compensation plan financial
"Represents director compensation deferred in the form of common stock pursuant to the issuer's deferred compensation plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Equity and Incentive Compensation Plan financial
"Represents the annual restricted stock grant for the director under the Flowserve Equity and Incentive Compensation Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Flowserve (FLS) director Michael C. McMurray report in this Form 4?
McMurray reported receiving 2,573 shares of Flowserve common stock as director compensation. The award is part of his annual restricted stock grant and increases his directly owned common stock holdings to 5,672 shares as of the reported date.
Is the Flowserve (FLS) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not an open-market purchase. McMurray received 2,573 shares coded as a grant or award, reflecting his annual restricted stock grant under Flowserve’s Equity and Incentive Compensation Plan for directors.
What is the phantom stock reported in the Flowserve (FLS) Form 4 for Michael C. McMurray?
The phantom stock represents deferred director compensation, each unit economically equal to one Flowserve common share. McMurray’s 13,934 phantom stock units will be settled in common stock upon his termination of service on the company’s board of directors.