Director at Flowserve (NYSE: FLS) gains 839 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowserve Corporation director John L. Garrison Jr. reported an acquisition of phantom stock on 02/11/2026 under the company’s deferred compensation plan. He received 839 shares of phantom stock at $87.37 per share, which increased his directly owned phantom stock balance to 37,041 shares.
Each phantom stock share is the economic equivalent of one share of Flowserve common stock and represents deferred director compensation. These phantom shares become payable in common stock when he terminates service as a member of Flowserve’s board of directors.
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 | 839 | $87.37 | $73K |
Holdings After Transaction:
Phantom Stock — 37,041 shares (Direct)
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.
FAQ
What insider transaction did Flowserve (FLS) report for John L. Garrison Jr.?
Flowserve reported that director John L. Garrison Jr. acquired 839 shares of phantom stock on February 11, 2026. The award was made as deferred director compensation under Flowserve’s deferred compensation plan and increased his directly owned phantom stock balance to 37,041 shares.
What is the size and price of the phantom stock grant reported for FLS?
The filing shows a grant of 839 phantom stock shares at a reference price of $87.37 per share. Each phantom share is economically equivalent to one Flowserve common share and represents compensation deferred into stock rather than taken in current cash payments.
When do the Flowserve phantom stock units become payable to the director?
According to the disclosure, the phantom stock units become payable in Flowserve common stock upon the director’s termination of service on the board. This means payment is deferred until he leaves the board, aligning the compensation’s value with Flowserve’s common stock performance over time.
What does phantom stock mean in Flowserve’s deferred compensation plan?
In Flowserve’s plan, each phantom stock share is economically equivalent to one common share and represents director compensation deferred in stock form. Instead of receiving immediate cash, the director accrues these units, which convert into actual Flowserve common shares when board service ends.