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Flowserve (NYSE: FLS) director receives phantom stock awards as pay

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CHANDY RUBY R reported acquisition or exercise transactions in this Form 4 filing.

Flowserve Corp director Ruby R. Chandy reported receiving phantom stock awards as part of deferred director compensation. She was granted 2,573 phantom stock units at $67.99 and 88 units at $68.38, each economically equivalent to one share of common stock.

These phantom stock units are credited under Flowserve’s deferred compensation plan and become payable in shares of common stock when Chandy’s service on the board ends. The filing reflects compensation-related awards rather than open-market share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider CHANDY RUBY R
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock 88 $68.38 $6K
Grant/Award Phantom Stock 2,573 $67.99 $175K
Holdings After Transaction: Phantom Stock — 33,281 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.
Phantom stock grant 1 2,573 units at $67.99 Director phantom stock award on 2026-05-14
Phantom stock grant 2 88 units at $68.38 Additional director phantom stock award on 2026-05-14
Phantom stock holdings line 1 35,854 units Total phantom stock following transaction on one line
Phantom stock holdings line 2 33,281 units Total phantom stock following transaction on second line
Derivative transactions 2 phantom stock grants All reported transactions are compensation-related acquisitions
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"
termination of service financial
"become payable in the form of common stock upon the reporting person's termination of service"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
CHANDY RUBY R
(Last)(First)(Middle)
1808 DELANCEY ST.
(Street)
PHILADELPHIA PENNSYLVANIA 19103
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)05/14/2026A88 (2) (2)Common Stock88$68.3833,281D
Phantom Stock(1)05/14/2026A2,573 (2) (2)Common Stock2,573$67.9935,854D
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-fact05/15/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Flowserve (FLS) report for Ruby R. Chandy?

Flowserve reported that director Ruby R. Chandy received phantom stock awards as deferred compensation. She was granted 2,573 units at $67.99 and 88 units at $68.38, all economically equivalent to common shares under the company’s deferred compensation plan.

Is Ruby R. Chandy buying or selling Flowserve (FLS) stock in this Form 4?

Ruby R. Chandy is not buying or selling stock on the market in this Form 4. She received phantom stock awards as director compensation, which are bookkeeping entries that track common stock value and will be settled in shares when her board service ends.

What is phantom stock in the context of Flowserve (FLS) director compensation?

Phantom stock is a deferred compensation instrument that mirrors common stock value. At Flowserve, each phantom stock unit equals one common share economically and will be paid out in actual common stock when the director’s service on the board terminates, aligning compensation with shareholder value.

When will Ruby R. Chandy receive actual Flowserve (FLS) shares from these phantom stock awards?

The phantom stock units become payable in common stock when Ruby R. Chandy’s service as a Flowserve board member ends. Until then, the awards represent deferred compensation tied to the company’s share value, rather than immediately deliverable common shares.

How many Flowserve (FLS) phantom stock units does Ruby R. Chandy hold after these grants?

After the reported phantom stock grants, one line of holdings shows 35,854 units and another shows 33,281 units. These figures reflect separate phantom stock accounts reported in the filing, each tied to deferred compensation measured in common stock equivalents.