Chand Sujeet 4
4 · FLOWSERVE CORP · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Flowserve (FLS) Director Chand Sujeet Receives Phantom Stock Award
What Happened Chand Sujeet, a director of Flowserve Corp (FLS), received an award of 2,573 phantom shares on 2026-05-14 at an economic value of $67.99 per share, totaling $174,938. The filing reports this as an award/acquisition (transaction code A) of a derivative security (phantom stock) rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-05-14; 2,573 phantom shares at $67.99 each; total value $174,938.
- Transaction type: Award/Grant (code A) of derivative securities (phantom stock).
- Shares owned after transaction: Not reported in the provided excerpt.
- Footnotes: F1 — each phantom share equals the economic equivalent of one common share and represents deferred director compensation; F2 — phantom shares become payable in common stock upon the director's termination of service.
- Filing timeliness: Report filed 2026-05-15 (one day after the transaction); appears to be timely.
Context Phantom stock is a form of deferred compensation tied to the company’s common shares; it does not reflect an open-market buy and should be viewed as compensation rather than a direct insider vote of confidence. Such awards are common for non-employee directors and typically convert to actual shares (or cash/equity equivalent) upon leaving board service per the plan terms.
Insider Transaction Report
- Award
Phantom Stock
[F1][F2]2026-05-14$67.99/sh+2,573$174,938→ 28,426 total→ Common Stock (2,573 underlying)
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.