Flowserve Corp. (NYSE:FLS) recently saw significant insider activity involving one of its directors. Brian D. Savoy, who serves as a director for the company, acquired shares of Flowserve's common stock through multiple transactions detailed in filings with the Securities and Exchange Commission.
On May 14, 2026, Mr. Savoy completed an open market purchase, acquiring 1,000 shares at $67.34 per share. This transaction represented a total outlay of $67,340 for the director.
In addition to this cash purchase, Mr. Savoy was also granted company stock in a separate event on the same date. These were 2,573 shares of Flowserve common stock, allocated as an annual restricted stock grant under the umbrella of the Flowserve Equity and Incentive Compensation Plan. The total value of these restricted shares amounted to $174,938, based on a per-share price of $67.99. These granted shares are subject to vesting, scheduled for the earlier date between May 14, 2027, or the timing of Flowserve's annual meeting of shareholders in 2027.
Market Context and Valuation Metrics
These recent insider purchases are reported while the stock is trading at $65.07. This market price sits below InvestingPro’s stated Fair Value of $72.36, a discrepancy that suggests potential undervaluation according to one analysis. Furthermore, Flowserve reports a Price-to-Earnings (P/E) ratio of 23.95 and a PEG ratio of 0.96. The company has been given an overall