Flex LNG - Announces Long-term Incentive Plan
Flex LNG (NYSE:FLNG) has announced the approval of a long-term incentive plan (LTIP) granting up to 187,142 synthetic options to management and employees. The options have a five-year term expiring June 24, 2030, with a three-year vesting period starting June 24, 2026. The exercise price is set at $23.75, subject to adjustment for dividend distributions.
The synthetic options for the CEO and CFO include a cap on maximum annual gain equal to two times their annual base salary at exercise. The options will be cash-settled based on the difference between market price and exercise price at exercise date.
Flex LNG (NYSE:FLNG) ha annunciato l'approvazione di un piano di incentivi a lungo termine (LTIP) che prevede la concessione di fino a 187.142 opzioni sintetiche a dirigenti e dipendenti. Le opzioni hanno una durata di cinque anni con scadenza il 24 giugno 2030, con un periodo di maturazione di tre anni a partire dal 24 giugno 2026. Il prezzo di esercizio è fissato a 23,75 $, soggetto ad adeguamenti in caso di distribuzione di dividendi.
Le opzioni sintetiche per CEO e CFO includono un limite massimo di guadagno annuo pari a due volte il loro stipendio base annuo al momento dell'esercizio. Le opzioni saranno liquidate in contanti sulla base della differenza tra il prezzo di mercato e il prezzo di esercizio alla data di esercizio.
Flex LNG (NYSE:FLNG) ha anunciado la aprobación de un plan de incentivos a largo plazo (LTIP) que otorga hasta 187.142 opciones sintéticas a la dirección y empleados. Las opciones tienen un plazo de cinco años que expira el 24 de junio de 2030, con un período de consolidación de tres años que comienza el 24 de junio de 2026. El precio de ejercicio se establece en 23,75 $, sujeto a ajustes por distribuciones de dividendos.
Las opciones sintéticas para el CEO y CFO incluyen un límite máximo de ganancia anual equivalente a dos veces su salario base anual al momento del ejercicio. Las opciones se liquidarán en efectivo basándose en la diferencia entre el precio de mercado y el precio de ejercicio en la fecha de ejercicio.
Flex LNG (NYSE:FLNG)는 경영진 및 직원에게 최대 187,142개의 합성 옵션을 부여하는 장기 인센티브 계획(LTIP)을 승인했다고 발표했습니다. 옵션은 2026년 6월 24일부터 3년간 베스팅 기간을 거쳐 2030년 6월 24일에 만료되는 5년 만기입니다. 행사가격은 23.75달러로 배당금 분배에 따라 조정될 수 있습니다.
CEO와 CFO를 위한 합성 옵션에는 행사 시 연간 기본 급여의 2배에 해당하는 최대 연간 이익 한도가 포함되어 있습니다. 옵션은 행사일의 시장 가격과 행사 가격의 차이에 따라 현금으로 정산됩니다.
Flex LNG (NYSE:FLNG) a annoncé l'approbation d'un plan d'incitation à long terme (LTIP) accordant jusqu'à 187 142 options synthétiques à la direction et aux employés. Les options ont une durée de cinq ans expirant le 24 juin 2030, avec une période d'acquisition de droits de trois ans débutant le 24 juin 2026. Le prix d'exercice est fixé à 23,75 $, soumis à des ajustements en cas de distribution de dividendes.
Les options synthétiques pour le PDG et le directeur financier comprennent un plafond sur le gain annuel maximal égal à deux fois leur salaire de base annuel lors de l'exercice. Les options seront réglées en espèces en fonction de la différence entre le prix du marché et le prix d'exercice à la date d'exercice.
Flex LNG (NYSE:FLNG) hat die Genehmigung eines langfristigen Anreizplans (LTIP) bekannt gegeben, der bis zu 187.142 synthetische Optionen an das Management und die Mitarbeiter vergibt. Die Optionen haben eine Fünf-Jahres-Laufzeit bis zum 24. Juni 2030 mit einer dreijährigen Vesting-Periode ab dem 24. Juni 2026. Der Ausübungspreis ist auf 23,75 $ festgelegt und kann bei Dividendenausschüttungen angepasst werden.
Die synthetischen Optionen für CEO und CFO enthalten eine Obergrenze für den maximalen Jahresgewinn in Höhe von dem Doppelten ihres jährlichen Grundgehalts zum Zeitpunkt der Ausübung. Die Optionen werden bar auf Basis der Differenz zwischen Marktpreis und Ausübungspreis am Ausübungstag abgerechnet.
- Implementation of long-term incentive plan aligns management interests with shareholders
- Three-year vesting period promotes long-term retention of key employees
- Cap on CEO and CFO gains demonstrates responsible compensation governance
- Cash settlement of options may impact company's cash reserves
- Potential dilution of shareholder value through synthetic option issuance
* 1/3 of the synthetic options will vest on June 24, 2026
* 1/3 of the synthetic options will vest on June 24, 2027
* 1/3 of the synthetic options will vest on June 24, 2028
The exercise price of the synthetic options is
The synthetic options granted to the CEO and the CFO are subject to a cap on maximum annual gain equal to two times the annual base salary at the time of exercise of the synthetic options. The synthetic options will be settled in cash based on the difference between the market price of the Company's shares and the exercise price on the date of exercise. The synthetic options have been granted according to the rules of the Company's synthetic option scheme approved by the Board of Directors of the Company.
Please see the attached forms of notification of transactions by primary insiders for the granting of the synthetic options.
This information is subject to the disclosure requirements pursuant to article 19 of Regulation EU 596/2014 (MAR) and section 5-12 of the Norwegian Securities Trading Act.
The Board of Directors
Flex LNG Ltd
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SOURCE Flex LNG
FAQ
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