Flowserve (FLS) director granted 944 phantom stock units under deferred plan
Rhea-AI Filing Summary
GARRISON JOHN L JR reported acquisition or exercise transactions in this Form 4 filing.
Flowserve Corp director John L. Garrison Jr. reported a grant of 944 shares of phantom stock on 2026-08-11 as director compensation deferred in stock form under the company’s deferred compensation plan. Each phantom stock unit is the economic equivalent of one share of common stock and becomes payable in common shares upon his termination of service on the board. Following this award, he directly holds 41,629 phantom stock units linked to Flowserve common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GARRISON JOHN L JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2 | 944 | $80.64 | $76K |
Holdings After Transaction:
Phantom Stock — 41,629 shares (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: 944 shares
Grant reference price: $80.64 per unit
Phantom stock units after transaction: 41,629 shares
3 metrics
Phantom stock units granted
944 shares
Grant/award acquisition on 2026-08-11
Grant reference price
$80.64 per unit
Economic equivalent per phantom stock share
Phantom stock units after transaction
41,629 shares
Total phantom stock holdings following the award
Key Terms
Phantom Stock, deferred compensation plan
2 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share"
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"
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.
FAQ
What did Flowserve (FLS) director John L. Garrison Jr. report on this Form 4?
He reported a grant of 944 phantom stock units on 2026-08-11 as director compensation deferred in stock form under Flowserve’s deferred compensation plan.
How many Flowserve (FLS) phantom stock units does John L. Garrison Jr. now hold?
After the reported grant, he directly holds 41,629 phantom stock units, each economically equivalent to one share of Flowserve common stock under the deferred compensation plan.
What is the economic value basis of the Flowserve (FLS) phantom stock grant?
The 944 phantom stock units were recorded at $80.64 per unit, with each unit economically equivalent to one share of Flowserve common stock for compensation purposes.
When will the Flowserve (FLS) phantom stock become payable to John L. Garrison Jr.?
According to the filing, the phantom stock units become payable in common stock upon his termination of service as a member of Flowserve’s board of directors.
Is the Flowserve (FLS) phantom stock grant a market purchase or a compensation award?
It is reported as a grant or award acquisition of phantom stock under Flowserve’s deferred compensation plan, not a market purchase of common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.