Flex LNG (NYSE: FLNG) CEO awarded 111,893 cash-settled synthetic options

Rhea-AI Filing Summary

Flex LNG Ltd. reported that Chief Executive Officer Halfdan Marius Foss received a grant of 111,893 cash-settled synthetic options under the company’s Synthetic Option Scheme. These compensation awards were granted at no cost, with an initial exercise price of $30.00 per option.

The options vest in three equal annual installments on June 24, 2027, June 24, 2028, and June 24, 2029, and expire on June 24, 2031. Following this award, Foss holds 194,617 synthetic options. These instruments are cash-settled and do not represent rights to acquire ordinary shares.

Insights

Executive compensation analyst

CEO receives cash-settled options grant that is routine, non-equity compensation.

The CEO of Flex LNG Ltd., Halfdan Marius Foss, was granted 111,893 cash-settled synthetic options at an initial exercise price of $30.00. No consideration was paid, indicating this is a standard part of his compensation rather than a market transaction.

The options vest over three years starting on June 24, 2027 and expire on June 24, 2031, promoting multi-year retention. Because these awards are cash-settled and explicitly do not provide rights to acquire ordinary shares, they do not directly change the company’s share count or ownership structure.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Foss Halfdan Marius

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Synthetic options	111,893	$0.00	--

Holdings After Transaction: Synthetic options — 194,617 shares (Direct, null)

Footnotes (1)

1. On June 23, 2026, the Board approved the grant of 111,893 synthetic options under the Issuer's Synthetic Option Scheme. The options vest in three equal annual installments on June 24, 2027, June 24, 2028 and June 24, 2029 and expire on June 24, 2031. The synthetic options were granted with an initial exercise price of $30.00 per option, subject to adjustment pursuant to the terms of the Issuer's Synthetic Option Scheme. No consideration was paid for the grant of the synthetic options. The reported securities are cash-settled synthetic options granted under the Issuer's Synthetic Option Scheme and do not represent a right to acquire ordinary shares of the Issuer.

Key Figures

Synthetic options granted: 111,893 options Exercise price: $30.00 per option Total options after grant: 194,617 options +2 more

5 metrics

Synthetic options granted 111,893 options Grant under Synthetic Option Scheme to CEO

Exercise price $30.00 per option Initial exercise price for synthetic options

Total options after grant 194,617 options CEO’s synthetic options holding following transaction

Vesting schedule 3 equal tranches Vests on June 24, 2027, 2028, and 2029

Expiration date June 24, 2031 Synthetic options expiry under scheme terms

Key Terms

Synthetic Option Scheme, cash-settled synthetic options, exercise price, vest in three equal annual installments, +1 more

5 terms

Synthetic Option Scheme financial

"the Board approved the grant of 111,893 synthetic options under the Issuer's Synthetic Option Scheme"

cash-settled synthetic options financial

"The reported securities are cash-settled synthetic options granted under the Issuer's Synthetic Option Scheme"

exercise price financial

"granted with an initial exercise price of $30.00 per option"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vest in three equal annual installments financial

"The options vest in three equal annual installments on June 24, 2027, June 24, 2028 and June 24, 2029"

expire on June 24, 2031 financial

"and expire on June 24, 2031"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 05:18 PM Accepted by SEC EDGAR 06/26/2026 - 05:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Foss Halfdan Marius

(Last) (First) (Middle)

C/O FLEX LNG LTD

14 PAR-LA-VILLE PLACE

(Street)

HAMILTON HM 08

(City) (State) (Zip)

BERMUDA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Flex LNG Ltd. [ FLNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Synthetic options	(2)	06/25/2026		A		111,893		(1)	(1)	Cash-settled synthetic option	(3)	$0	194,617	D

Explanation of Responses:

1. On June 23, 2026, the Board approved the grant of 111,893 synthetic options under the Issuer's Synthetic Option Scheme. The options vest in three equal annual installments on June 24, 2027, June 24, 2028 and June 24, 2029 and expire on June 24, 2031.

2. The synthetic options were granted with an initial exercise price of $30.00 per option, subject to adjustment pursuant to the terms of the Issuer's Synthetic Option Scheme. No consideration was paid for the grant of the synthetic options.

3. The reported securities are cash-settled synthetic options granted under the Issuer's Synthetic Option Scheme and do not represent a right to acquire ordinary shares of the Issuer.

	/s/ Marius Halfdan Foss	06/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Flex LNG (FLNG) CEO Halfdan Marius Foss receive in this Form 4 filing?

The CEO received a grant of 111,893 cash-settled synthetic options as compensation. These awards were granted at no cost and are tied to the company’s Synthetic Option Scheme, rather than representing direct ownership of Flex LNG ordinary shares.

What is the exercise price of the synthetic options granted to the FLNG CEO?

The synthetic options were granted with an initial exercise price of $30.00 per option. This price is subject to adjustment under Flex LNG’s Synthetic Option Scheme, and the options are designed to be settled in cash instead of delivering company shares.

When do the Flex LNG CEO’s 111,893 synthetic options vest and expire?

The options vest in three equal annual installments on June 24, 2027, June 24, 2028, and June 24, 2029. They expire on June 24, 2031, providing a long-term incentive horizon tied to the CEO’s continued service.

Do the synthetic options in this FLNG Form 4 give rights to acquire ordinary shares?

No. The filing states the reported securities are cash-settled synthetic options and do not represent a right to acquire ordinary shares. Settlement occurs in cash based on scheme terms, so the grant does not directly dilute existing shareholders’ equity positions.

How many synthetic options does the FLNG CEO hold after this grant?

Following the grant, the CEO’s total reported holding is 194,617 synthetic options. This figure reflects his position in the company’s cash-settled Synthetic Option Scheme and does not equate to direct ownership of Flex LNG ordinary shares as described in the filing.