Chand Sujeet 4

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.