Flowserve (NYSE: FLS) director awarded phantom stock as deferred compensation

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 two compensation-related awards of phantom stock. He received 2,573 phantom stock units at $67.99 and 1,071 units at $68.38, each economically equivalent to one share of common stock and granted under the company’s deferred compensation plan.

The phantom stock represents director fees deferred in the form of common stock and will be paid out in common shares when he leaves Flowserve’s board of directors.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GARRISON JOHN L JR

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,071	$68.38	$73K
Grant/Award	Phantom Stock	2,573	$67.99	$175K

Holdings After Transaction: Phantom Stock — 38,112 shares (Direct, null)

Footnotes (1)

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 at $67.99 Phantom stock grant 2: 1,071 units at $68.38 Underlying common stock (grant 1): 2,573 shares +1 more

4 metrics

Phantom stock grant 1 2,573 units at $67.99 Phantom stock award economically equivalent to common stock

Phantom stock grant 2 1,071 units at $68.38 Additional phantom stock award tied to common stock

Underlying common stock (grant 1) 2,573 shares Common stock underlying first phantom stock award

Underlying common stock (grant 2) 1,071 shares Common stock underlying second phantom stock award

Key Terms

Phantom Stock, deferred compensation plan, economic equivalent, 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.

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.

economic equivalent financial

"Each share of phantom stock is the economic equivalent of one share of common stock"

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"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GARRISON JOHN L JR

(Last) (First) (Middle)

5215 N. O'CONNOR BLVD.

SUITE 700

(Street)

IRVING TEXAS 75039

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FLOWSERVE CORP [ FLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	05/14/2026		A		1,071		(2)	(2)	Common Stock	1,071	$68.38	38,112	D
Phantom Stock	(1)	05/14/2026		A		2,573		(2)	(2)	Common Stock	2,573	$67.99	40,685	D

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Shakeeb U. Mir, attorney-in-fact	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Flowserve (FLS) director John L. Garrison Jr. report?

He reported receiving phantom stock awards as director compensation. The filing shows grants of 2,573 and 1,071 phantom stock units, each tied to Flowserve common stock, under the company’s deferred compensation plan for directors.

How many phantom stock units did the Flowserve (FLS) director receive?

He received two separate phantom stock grants totaling 3,644 units. One award covered 2,573 units and the other 1,071 units, each unit economically equivalent to one share of Flowserve common stock according to the deferred compensation plan.

At what prices were the Flowserve (FLS) phantom stock awards valued?

The phantom stock grants were valued at $67.99 and $68.38 per unit. These values apply to awards of 2,573 and 1,071 units respectively, providing a clear indication of the compensation value tied to the director’s deferred stock units.

What does phantom stock mean in the Flowserve (FLS) director’s Form 4?

Phantom stock represents deferred director compensation economically equivalent to common shares. Each unit tracks Flowserve’s common stock value and will ultimately be paid in common shares under the company’s deferred compensation plan terms.

When will the Flowserve (FLS) director’s phantom stock be paid out?

The phantom stock becomes payable in common stock when the director leaves the board. The filing states the units convert into Flowserve common shares upon termination of his service as a member of the company’s board of directors.