Flowserve director awarded phantom stock units
Flowserve Corporation director Ruby R. Chandy reported an acquisition of phantom stock as part of board compensation.
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Rhea-AI Filing Summary
Flowserve Corporation director Ruby R. Chandy reported an acquisition of phantom stock as part of board compensation. On February 11, 2026, she received 69 units of phantom stock at an indicated value of $87.37 per unit, bringing her total directly held phantom stock to 33,193 units.
Each phantom stock unit is the economic equivalent of one share of Flowserve common stock and reflects director fees deferred under the company’s deferred compensation plan. These phantom stock units will be paid out in shares of common stock when she ceases serving on the board.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 69 | $87.37 | $6K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Flowserve (FLS) report for Ruby R. Chandy?
How many phantom stock units does Ruby R. Chandy hold after this Form 4 filing for FLS?
What is phantom stock in the context of Flowserve (FLS) director compensation?
When will Ruby R. Chandy’s Flowserve phantom stock units be paid out?
AI-generated analysis. How Rhea-AI works. Not financial advice.