Flowserve director granted phantom stock award
CHANDY RUBY R reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
CHANDY RUBY R reported acquisition or exercise transactions in this Form 4 filing.
Flowserve Corp director Ruby R. Chandy received a grant of 82 shares of phantom stock on August 11, 2026 as deferred director compensation. Each phantom share is economically equivalent to one share of common stock and will be paid in common stock upon her termination of board service. Following this award, she holds 35,936 phantom stock units directly.
Insider Trade Summary
Grant/Award: 82 shares
Grant/Award
1 txn
Insider
CHANDY RUBY R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2 | 82 | $80.64 | $7K |
Holdings After Transaction:
Phantom Stock — 35,936 contracts (Direct)
Footnotes (2)
- F1. 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.
- F2. 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
Phantom stock units granted: 82 shares
Indicated value per phantom unit: $80.64 per share
Total phantom units after transaction: 35,936 shares
3 metrics
Phantom stock units granted
82 shares
Grant of phantom stock units to director Ruby R. Chandy on August 11, 2026
Indicated value per phantom unit
$80.64 per share
Transaction price per phantom stock unit for the August 11, 2026 award
Total phantom units after transaction
35,936 shares
Director Ruby R. Chandy’s direct phantom stock holdings following the grant
Key Terms
Phantom Stock, deferred compensation plan, termination of service
3 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
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.
termination of service financial
"become payable in the form of common stock upon the reporting person's termination of service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Flowserve (FLS) report for Ruby R. Chandy?
Flowserve reported that director Ruby R. Chandy acquired 82 shares of phantom stock on August 11, 2026 as a grant, award, or other acquisition related to director compensation.
What is the value of the phantom stock award reported by Flowserve (FLS)?
The award to Ruby R. Chandy covers 82 phantom stock units at an indicated value of $80.64 per unit, reflecting the economic equivalent of one share of Flowserve common stock for each phantom share.
How many phantom stock units does Ruby R. Chandy hold after this FLS transaction?
After this transaction, Ruby R. Chandy directly holds 35,936 phantom stock units, each economically equivalent to one share of Flowserve common stock and subject to payout terms under the deferred compensation plan.
When will Ruby R. Chandy’s Flowserve phantom stock become payable?
The filing states that the phantom stock becomes payable in common stock upon Ruby R. Chandy’s termination of service as a member of Flowserve’s board of directors, in line with the deferred compensation plan.
Is the August 11, 2026 Flowserve (FLS) insider transaction under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the transaction is described as a grant or award of phantom stock for deferred director compensation, not a trading-plan sale or purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
