Flex LNG CFO exercises 20,348 cash options
Flex LNG’s CFO exercised 20,348 cash-settled synthetic options for cash based on a $32.52 share price, with no ordinary shares issued.
Rhea-AI Filing Summary
Flex LNG Ltd. (FLNG) reported that its Chief Financial Officer, Knut Traaholt, exercised 20,348 vested synthetic options on September 17, 2026 for cash settlement under the company’s Synthetic Option Scheme. The options had a $20.00 strike price, were settled in cash based on a $32.52 share price, and no ordinary shares were issued. Following this cash-settled exercise, Traaholt held 124,614 synthetic options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,348 shares exercised/converted
Exercise
1 txn
Insider
Traaholt Knut
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Synthetic options F1, F2, F3 | 20,348 | $0.00 | $0.00 |
Holdings After Transaction:
Synthetic options — 124,614 contracts (Direct)
Footnotes (3)
- F1. On September 17, 2026, the reporting person exercised 20,348 vested synthetic options for cash settlement pursuant to the Issuer's Synthetic Option Scheme. The cash settlement value was determined based on the closing price of the Issuer's ordinary shares on the New York Stock Exchange on September 17, 2026 of $32.52 per share less the strike price of $20.00 per synthetic share option, which reflects adjustments made pursuant to the Issuer's Synthetic Option Scheme, including adjustments for dividends. No ordinary shares were issued upon exercise.
- F2. The reported exercise relates to the first tranche of synthetic options granted on June 24, 2025 under the Issuer's Synthetic Option Scheme. This tranche consisted of 20,348 synthetic options, all of which vested on June 24, 2026 and became exercisable upon vesting. The synthetic options issued pursuant to the Issuer's Synthetic Option Scheme vest over a three-year period in increments of one-third per annum with initial vesting on June 24, 2026 and subsequent vesting on June 24, 2027 and June 24, 2028.
- F3. 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 exercised: 20,348 options
Strike price per synthetic option: $20.00 per option
Reference share price for settlement: $32.52 per share
+4 more
7 metrics
Synthetic options exercised
20,348 options
Vested synthetic options exercised for cash on September 17, 2026
Strike price per synthetic option
$20.00 per option
Exercise price under Flex LNG’s Synthetic Option Scheme
Reference share price for settlement
$32.52 per share
Closing price of Flex LNG ordinary shares on September 17, 2026
Synthetic options held after transaction
124,614 options
Direct synthetic option holdings of the CFO following the exercise
Initial grant date of exercised tranche
June 24, 2025
First tranche of synthetic options granted under the scheme
Vesting date of exercised tranche
June 24, 2026
All 20,348 synthetic options in the first tranche vested and became exercisable
Synthetic option plan vesting period
3 years
Vests in one-third increments annually from June 24, 2026 to June 24, 2028
Key Terms
Synthetic Option Scheme, cash-settled synthetic options, tranche, vested
4 terms
Synthetic Option Scheme financial
"pursuant to the Issuer's Synthetic Option Scheme"
cash-settled synthetic options financial
"The reported securities are cash-settled synthetic options granted"
tranche financial
"The reported exercise relates to the first tranche of synthetic options"
A tranche is one slice of a larger financing or investment that is released, sold, or paid out in separate parts rather than all at once. Investors care because each slice can carry different risk, return and timing—like buying pieces of a cake where some slices are richer or come later—so the specific tranche you hold affects when you get paid and how much you might gain or lose.
vested financial
"all of which vested on June 24, 2026 and became exercisable"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FLNG’s CFO report on this Form 4?
The CFO, Knut Traaholt, exercised 20,348 vested synthetic options on September 17, 2026 under Flex LNG’s Synthetic Option Scheme. The options were cash-settled, and no ordinary shares were issued upon exercise.
How was the cash settlement for the FLNG synthetic options exercise determined?
The cash settlement was based on the closing price of $32.52 per share for Flex LNG’s ordinary shares on September 17, 2026, less the strike price of $20.00 per synthetic option, including scheme adjustments such as dividends.
What are the remaining synthetic option holdings of the FLNG CFO after this transaction?
After exercising 20,348 synthetic options, the CFO held 124,614 synthetic options directly. These remaining awards are also reported as cash-settled synthetic options under Flex LNG’s Synthetic Option Scheme.
Was the FLNG CFO’s synthetic option exercise under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating that the exercise was made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
