Johnson Cheryl H 4
Research Summary
AI-generated summary
Flowserve (FLS) Director Cheryl H. Johnson Receives Phantom Stock Award
What Happened
- Cheryl H. Johnson, a director of Flowserve Corp (FLS), was granted 345 shares of phantom stock (derivative award) on 2026-02-11. The award is reported at $87.37 per share for a total reported value of $30,143.
- This was an award (code A) as part of director compensation (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-02-11; Report filed: 2026-02-12 (timely).
- Price reported: $87.37 per share; total value: $30,143.
- Shares acquired: 345 phantom shares (derivative). The filing does not specify total common shares owned after this transaction.
- Footnotes: F1 — each phantom share is the economic equivalent of one common share and represents deferred director compensation. F2 — the phantom shares become payable in the form of common stock when the director’s board service ends.
- No 10b5-1 plan, tax-withholding, or sale activity noted in this filing.
Context
- Phantom stock awards are a form of deferred compensation that entitle the recipient to the economic value of common stock later (often upon leaving the board); they do not represent immediate, tradable common shares.
- Such awards are routine for directors and reflect compensation arrangements rather than an express market buy/sell signal.