CHANDY RUBY R 4

What Happened
Ruby R. Chandy, a director of Flowserve Corporation (FLS), received a grant of 69 shares of phantom stock on 2026-02-11. The award is reported at $87.37 per share for an aggregate value of $6,029. This was an award/compensation grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-11; filing date (Form 4): 2026-02-12 (filed the next day).
• Security: 69 shares of phantom stock (derivative), $87.37 per share, total $6,029.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Each phantom share equals the economic equivalent of one common share and represents director compensation deferred under Flowserve’s deferred compensation plan.
  • F2 — Phantom shares become payable in the form of common stock upon the reporting person’s termination of board service.
• Filing timeliness: Appears timely (filed one day after the transaction); no late-filing indicator provided.

Context
This was a compensation grant (deferred phantom stock), which is different from a market purchase or sale — it reflects director pay deferral rather than a direct bullish or bearish trading signal. Phantom shares provide economic exposure and later convert to actual shares upon the director’s departure per the plan terms.