Flex LNG - Mandatory notification of trade by PDMR
Rhea-AI Summary
Flex LNG (FLNG) has reported mandatory notifications of trade by persons discharging managerial responsibilities (PDMR). CEO Øystein Kalleklev exercised 100,000 options and sold 100,000 shares on the New York Stock Exchange at an average price of USD 26.65 per share on September 18th and 19th, 2024. After the sale, Kalleklev retains ownership of 50,000 common shares.
CFO Knut Traaholt also exercised 48,000 options and sold 48,000 shares at the same average price during the same period. The company has disclosed this information in compliance with Article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
AI-generated analysis. Not financial advice.
Positive
- Insider stock sales at a price of USD 26.65 per share, indicating potential market value
Negative
- Significant insider selling by CEO and CFO may signal lack of confidence in future stock performance
News Market Reaction – FLNG
On the day this news was published, FLNG declined 2.86%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HAMILTON, Bermuda, Sept. 20, 2024 /PRNewswire/ -- Flex LNG Ltd. (the "Company") has received trade notifications from the following persons discharging managerial responsibilities ("PDMR"):
Øystein Kalleklev, CEO of Flex LNG Management AS, has in the period September 18th and September 19th, 2024 exercised 100,000 options and subsequently sold 100,000 shares on New York Stock Exchange for an average price of approx. USD 26.65 per share. Following the sale, Mr. Kalleklev owns 50,000 common shares.
Knut Traaholt, CFO of Flex LNG Management AS, has in the period September 18th and September 19th, 2024 exercised 48,000 options and subsequently sold 48,000 shares on New York Stock Exchange for an average price of approx. USD 26.65 per share.
Please find further details in the attached forms.
This notification has been publicly disclosed in accordance with Article 19 of the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading Act.
For questions, please contact:
Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
Email: IR@flexlng.com
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https://news.cision.com/flex-lng/r/flex-lng---mandatory-notification-of-trade-by-pdmr,c4040696
The following files are available for download:
Mandatory notification of trade - Appendix |