Flowserve (FLS) Director Ruby R. Chandy Receives Phantom Stock Award

What Happened
Ruby R. Chandy, a director of Flowserve Corp. (FLS), was granted 82 shares of phantom stock on 2026-08-11. The award is reported as a derivative acquisition at an imputed price of $80.64 per share, with a total value of $6,612. The transaction code is "A" (award/grant), meaning this was a compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-12 (filed promptly the next day).
• Price/value: 82 phantom shares at $80.64 each; total value $6,612.
• Security type: Phantom stock (derivative), not immediate common-stock issuance.
• Shares owned after transaction: Not specified in the filing summary provided.
• Footnotes:
  • F1: Each phantom share equals the economic value of one common share and represents director compensation deferred under the company’s deferred compensation plan.
  • F2: Phantom shares become payable in common stock when the director’s board service ends.

Context
This is a director compensation award (deferred phantom stock), which represents future economic exposure rather than an immediate purchase of common shares. Such awards are routine for non-employee directors and are a form of deferred pay; they do not necessarily signal a personal market conviction in the short term.