Flowserve director granted phantom stock units
GARRISON JOHN L JR reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
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
Grant/Award: 3,644 shares
Grant/Award
2 txns
Insider
GARRISON JOHN L JR
Role
Director
| 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 — 40,685 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 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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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