Flowserve (NYSE: FLS) director Okray awarded 2,573-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okray Thomas B reported acquisition or exercise transactions in this Form 4 filing.
Flowserve Corp director Thomas B. Okray received a stock-based compensation grant, increasing his direct holdings. He was awarded 2,573 shares of Flowserve common stock at a reference price of $67.99 per share as a restricted stock grant under the Flowserve Long-Term Incentive Plan. Following this award, he directly holds 13,335 common shares. The restricted shares vest on the earlier of May 14, 2027 or the date of Flowserve’s 2027 annual meeting of shareholders, meaning full ownership is tied to continued board service through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Okray Thomas B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,573 | $67.99 | $175K |
Holdings After Transaction:
Common Stock — 13,335 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 2,573 shares
Grant reference price: $67.99 per share
Post-grant holdings: 13,335 shares
+1 more
4 metrics
Restricted stock grant
2,573 shares
Annual director grant under Flowserve Long-Term Incentive Plan
Grant reference price
$67.99 per share
Reported transaction price for the restricted stock award
Post-grant holdings
13,335 shares
Total Flowserve common shares directly held after the transaction
Vesting date trigger
May 14, 2027
Latest vesting date for the restricted shares, or earlier 2027 annual meeting
Key Terms
restricted stock grant, Flowserve Long-Term Incentive Plan, vest, Form 4
4 terms
restricted stock grant financial
"Represents the annual restricted stock grant for the director under the Flowserve Long-Term Incentive 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.
Flowserve Long-Term Incentive Plan financial
"Represents the annual restricted stock grant for the director under the Flowserve Long-Term Incentive Plan."
vest financial
"The shares vest on the earlier of May 14, 2027 or the date of Flowserve's 2027 annual meeting of shareholders."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Flowserve (FLS) director Thomas B. Okray report on this Form 4?
Thomas B. Okray reported receiving 2,573 shares of Flowserve common stock as a restricted stock grant. The award is part of the company’s Long-Term Incentive Plan and represents stock-based director compensation rather than an open-market stock purchase or sale.
Is the Okray Form 4 transaction for Flowserve (FLS) a buy or a grant?
The Form 4 shows a grant, not an open-market buy. Okray acquired 2,573 Flowserve common shares coded as an “A” transaction, described as a grant or award under the Flowserve Long-Term Incentive Plan, reflecting routine equity compensation for a director.
What plan governs the restricted stock grant reported by Flowserve (FLS) director Okray?
The restricted stock grant is made under the Flowserve Long-Term Incentive Plan. The footnote explains that it represents Okray’s annual restricted stock grant as a director, with vesting tied to the earlier of May 14, 2027 or the 2027 annual meeting.