CHANDY RUBY R 4
4 · FLOWSERVE CORP · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Flowserve Corp (FLS) Director Ruby R. Chandy Receives Phantom Stock Award
What Happened
- Ruby R. Chandy, a director of Flowserve Corp (FLS), received two awards of phantom stock on 2026-05-14: 88 shares at $68.38 (value $6,017) and 2,573 shares at $67.99 (value $174,938), totaling 2,661 phantom shares valued at $180,955. The transactions are reported as grants/awards (code A) and are derivative awards (phantom stock), not open-market purchases.
Key Details
- Transaction date(s) and prices: 2026-05-14 — 88 shares @ $68.38 and 2,573 shares @ $67.99.
- Total reported value: $6,017 + $174,938 = $180,955.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: F1 — Each phantom share equals the economic value of one common share as deferred director compensation. F2 — Phantom shares will be paid in actual common stock upon the reporting person's termination of board service.
- Filing info: Form filed 2026-05-15 for transactions on 2026-05-14. (No late‑filing flag was indicated.)
Context
- These awards are deferred compensation (phantom stock) rather than an outright market purchase; they represent the right to receive common shares (or their value) in the future, typically upon leaving the board. Such grants are standard director pay and should be interpreted as compensation rather than a direct market-confidence signal.
Insider Transaction Report
Form 4
CHANDY RUBY R
Director
Transactions
- Award
Phantom Stock
[F1][F2]2026-05-14$68.38/sh+88$6,017→ 33,281 total→ Common Stock (88 underlying) - Award
Phantom Stock
[F1][F2]2026-05-14$67.99/sh+2,573$174,938→ 35,854 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.
Signature
/s/ Shakeeb U. Mir, attorney-in-fact|2026-05-15