Flowserve (NYSE: FLS) director buys 1,000 shares and receives stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flowserve Corp director Brian D. Savoy increased his holdings through both a stock grant and an open-market purchase. On May 14, 2026, he received 2,573 shares of common stock as an annual restricted stock grant valued at $67.99 per share, bringing his holdings from this award line to 3,573 shares.
On the same date, he also bought 1,000 shares of common stock in an open-market purchase at $67.34 per share, resulting in 1,000 shares reported for that purchase line. The restricted shares vest on the earlier of May 14, 2027 or Flowserve’s 2027 annual meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares ($67,340)
Net Buy
2 txns
Insider
Savoy Brian D
Role
null
Bought
1,000 shs ($67K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,000 | $67.34 | $67K |
| Grant/Award | Common Stock | 2,573 | $67.99 | $175K |
Holdings After Transaction:
Common Stock — 1,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 2,573 shares at $67.99
Post-grant holdings (grant line): 3,573 shares
Open-market purchase: 1,000 shares at $67.34
+2 more
5 metrics
Restricted stock grant
2,573 shares at $67.99
Annual restricted stock grant on May 14, 2026
Post-grant holdings (grant line)
3,573 shares
Shares following restricted stock grant transaction
Open-market purchase
1,000 shares at $67.34
Purchase on May 14, 2026
Net buy shares
1,000 shares
Net buy-sell shares from open-market activity
Restricted stock vesting date
Earlier of May 14, 2027 or 2027 annual meeting
Vesting condition for 2,573-share grant
Key Terms
restricted stock grant, Flowserve Equity and Incentive Compensation Plan, open-market purchase, annual meeting of shareholders
4 terms
restricted stock grant financial
"Represents the annual restricted stock grant for the director under the Flowserve Equity and Incentive Compensation Plan."
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
Flowserve Equity and Incentive Compensation Plan financial
"Represents the annual restricted stock grant for the director under the Flowserve Equity and Incentive Compensation Plan."
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
What insider transactions did Flowserve (FLS) director Brian D. Savoy report?
Brian D. Savoy reported both a stock grant and a purchase. He received 2,573 restricted shares of Flowserve common stock and separately bought 1,000 shares in the open market, both dated May 14, 2026.
What prices were paid in Brian D. Savoy’s Flowserve (FLS) transactions?
The restricted grant is valued at $67.99 per share and the purchase at $67.34. The annual restricted stock grant covers 2,573 shares, and the open-market transaction bought 1,000 shares at $67.34.
What plan governs Brian D. Savoy’s restricted Flowserve (FLS) stock grant?
The grant is made under Flowserve’s Equity and Incentive Compensation Plan. The footnote states the 2,573-share annual restricted stock grant is issued pursuant to the Flowserve Equity and Incentive Compensation Plan and has time-based vesting conditions.