Flowserve (NYSE: FLS) director receives phantom stock awards as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson Cheryl H reported acquisition or exercise transactions in this Form 4 filing.
Flowserve Corp director Cheryl H. Johnson received two phantom stock awards as part of her board compensation. On 2026-05-14, she was granted 2,573 and 463 phantom stock units, each economically equivalent to one share of common stock under the company’s deferred compensation plan.
The phantom stock will be settled in Flowserve common shares when she terminates service on the board, so there was no open-market buying or selling in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Johnson Cheryl H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 463 | $68.38 | $32K |
| Grant/Award | Phantom Stock | 2,573 | $67.99 | $175K |
Holdings After Transaction:
Phantom Stock — 11,696 shares (Direct, null)
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.
Key Figures
Phantom stock grant 1: 2,573 units
Phantom stock grant 2: 463 units
Phantom stock balance after grant 1: 14,269 units
+3 more
6 metrics
Phantom stock grant 1
2,573 units
Phantom stock awarded on 2026-05-14 at $67.99 per unit equivalent
Phantom stock grant 2
463 units
Phantom stock awarded on 2026-05-14 at $68.38 per unit equivalent
Phantom stock balance after grant 1
14,269 units
Total phantom stock reported following larger grant
Phantom stock balance after grant 2
11,696 units
Total phantom stock reported following smaller grant
Underlying common stock equivalence 1
2,573 shares
Each phantom stock unit equals one Flowserve common share
Underlying common stock equivalence 2
463 shares
Each phantom stock unit equals one Flowserve common share
Key Terms
Phantom Stock, economic equivalent, deferred compensation plan, payable in the form of common stock
4 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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
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.
payable in the form of common stock financial
"The shares of phantom stock become payable in the form of common stock upon the reporting person's termination"
FAQ
What insider transaction did Flowserve (FLS) report for Cheryl H. Johnson?
Flowserve reported that director Cheryl H. Johnson received two grants of phantom stock units as compensation. She was awarded 2,573 and 463 units, each tied economically to one Flowserve common share under the company’s deferred compensation plan.
How many phantom stock units did the Flowserve director receive in this Form 4?
Cheryl H. Johnson received 2,573 phantom stock units in one grant and 463 in another. These awards increase her deferred phantom stock holdings, which are designed to mirror the value of Flowserve’s common shares over time.
Is the Flowserve Form 4 for Cheryl H. Johnson a stock purchase or sale?
The Form 4 shows compensation-related grants, not market purchases or sales. Johnson received phantom stock units as director compensation, so there was no open-market trading or immediate cash transaction in Flowserve shares reported here.
What is phantom stock in the context of Flowserve (FLS) director compensation?
Phantom stock is a deferred compensation instrument equal in value to common stock. For Flowserve, each phantom stock unit is economically equivalent to one common share and is paid out in common stock when the director’s board service ends.
When will Cheryl H. Johnson’s Flowserve phantom stock become payable?
Her phantom stock becomes payable upon termination of her service on Flowserve’s board. At that time, the units are settled in Flowserve common stock, aligning her long-term incentives with shareholder outcomes over her board tenure.
How did the phantom stock grants affect Cheryl H. Johnson’s reported Flowserve holdings?
After one phantom stock grant, Johnson’s reported phantom stock balance was 14,269 units, and after the other it was 11,696 units. These balances reflect deferred, stock-linked compensation rather than immediately tradable Flowserve common shares.