Flex LNG - Mandatory notification of trade by PDMR

Flex LNG (FLNG) has reported mandatory notifications of trade by persons discharging managerial responsibilities (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.

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

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News Market Reaction – FLNG

The recorded move for FLNG in the trading session of this news was -2.86%.

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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 18^th and September 19^th, 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 18^th and September 19^th, 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

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/flex-lng/r/flex-lng---mandatory-notification-of-trade-by-pdmr,c4040696

The following files are available for download:

https://mb.cision.com/Main/22886/4040696/3012369.pdf

Mandatory notification of trade - Appendix

 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Flex LNG CEO Øystein Kalleklev sell in September 2024?

Flex LNG CEO Øystein Kalleklev sold 100,000 shares on September 18th and 19th, 2024.

What was the average selling price of FLNG shares in the reported insider trades?

The average selling price of FLNG shares in the reported insider trades was approximately USD 26.65 per share.

How many options did Flex LNG CFO Knut Traaholt exercise in September 2024?

Flex LNG CFO Knut Traaholt exercised 48,000 options in September 2024.

How many common shares does Øystein Kalleklev own after the reported sale?

After the reported sale, Øystein Kalleklev owns 50,000 common shares of Flex LNG.