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Flex LNG (NYSE: FLNG) CFO awarded 83,919 cash-settled synthetic options at $30

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Flex LNG Ltd. Chief Financial Officer Knut Traaholt received a grant of 83,919 cash-settled synthetic options under the company’s Synthetic Option Scheme. These derivative awards were granted without any cash payment from him and carry 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. After this grant, Traaholt holds a total of 144,962 synthetic options. The reported instruments are cash-settled and do not provide a right to acquire ordinary shares.

Positive

  • None.

Negative

  • None.
Insider Traaholt Knut
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Synthetic options 83,919 $0.00 --
Holdings After Transaction: Synthetic options — 144,962 shares (Direct, null)
Footnotes (1)
  1. On June 23, 2026, the Board approved the grant of 83,919 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.
Synthetic options granted 83,919 options Grant approved on June 23, 2026
Exercise price $30.00 per option Initial exercise price for synthetic options
Total options after grant 144,962 options CFO holdings following this transaction
Vesting schedule 3 equal annual installments Vesting on June 24, 2027, 2028, 2029
Expiration date June 24, 2031 Synthetic options expiry
Consideration paid $0.00 No consideration paid for grant
Synthetic Option Scheme financial
"the Board approved the grant of 83,919 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.
vesting financial
"The options vest in three equal annual installments on June 24, 2027, June 24, 2028 and June 24, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"and expire on June 24, 2031"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Traaholt Knut
(Last)(First)(Middle)
C/O FLEX LNG LTD
14 PAR-LA-VILLE PLACE
(Street)
HAMILTONHM 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Synthetic options(2)06/25/2026A83,919 (1) (1)Cash-settled synthetic option(3)$0144,962D
Explanation of Responses:
1. On June 23, 2026, the Board approved the grant of 83,919 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/ Knut Traaholt06/26/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did FLNG CFO Knut Traaholt receive in this Form 4 filing?

Flex LNG CFO Knut Traaholt received 83,919 cash-settled synthetic options. These were granted under the company’s Synthetic Option Scheme as compensation, with no cash paid by him for the award.

What is the exercise price of Knut Traaholt’s new synthetic options at Flex LNG (FLNG)?

The synthetic options were granted with an initial exercise price of $30.00 per option. This price is subject to adjustment under the Synthetic Option Scheme’s terms but is fixed at grant for these awards.

When do the newly granted Flex LNG synthetic options to the CFO vest?

The 83,919 synthetic options vest in three equal annual installments. Vesting dates are June 24, 2027, June 24, 2028, and June 24, 2029, aligning the award with multi-year executive retention incentives.

When do Knut Traaholt’s new Flex LNG synthetic options expire?

The granted synthetic options expire on June 24, 2031. This expiration date defines the period during which any potential cash-settled payouts under the Synthetic Option Scheme can be realized, subject to the plan’s detailed terms.

Do FLNG’s reported synthetic options give the CFO rights to ordinary shares?

No, the reported securities are cash-settled synthetic options and do not grant a right to acquire ordinary shares. Settlement, if any, occurs in cash according to the Synthetic Option Scheme rules.

How many synthetic options does the Flex LNG CFO hold after this grant?

Following the grant of 83,919 synthetic options, Knut Traaholt holds 144,962 synthetic options in total. This total reflects his derivative-based compensation position under the company’s Synthetic Option Scheme.