Flex LNG (NYSE: FLNG) CEO cashes in 27,575 synthetic options with no new shares
Rhea-AI Filing Summary
Flex LNG Ltd. (FLNG) reports that Chief Executive Officer Foss Halfdan Marius exercised 27,575 vested cash-settled synthetic options on August 20, 2026 under the issuer's Synthetic Option Scheme. The cash settlement was based on the $32.48 NYSE closing price on August 19, 2026 minus the $20.75 strike price per synthetic share option. No ordinary shares were issued upon exercise. Following this transaction, he held 167,042 synthetic options, which are cash-settled instruments and do not represent rights to acquire ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,575 shares exercised/converted
Exercise
1 txn
Insider
Foss Halfdan Marius
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Synthetic options F1, F2, F3 | 27,575 | $0.00 | $0.00 |
Holdings After Transaction:
Synthetic options — 167,042 shares (Direct)
Footnotes (3)
- F1. On August 20, 2026, the reporting person exercised 27,575 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 August 19, 2026 of $32.48 per share less the strike price of $20.75 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 27,575 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: 27,575 synthetic options
Strike price per synthetic share option: $20.75 per synthetic share option
Reference share price: $32.48 per share
+5 more
8 metrics
Synthetic options exercised
27,575 synthetic options
Vested synthetic options exercised for cash settlement on August 20, 2026
Strike price per synthetic share option
$20.75 per synthetic share option
Exercise price used to compute cash settlement value
Reference share price
$32.48 per share
Closing price of ordinary shares on NYSE on August 19, 2026 used for settlement
Synthetic options following transaction
167,042 synthetic options
Total cash-settled synthetic options held by CEO after exercise
Grant date of reported tranche
June 24, 2025
First tranche of synthetic options granted under Synthetic Option Scheme
Vesting date of exercised tranche
June 24, 2026
All 27,575 options in this tranche vested and became exercisable on this date
Expiration date of synthetic options
June 24, 2030
Expiration date reported for the cash-settled synthetic options
Vesting period
Three-year vesting in one-third increments
Initial vesting June 24, 2026; subsequent vesting June 24, 2027 and June 24, 2028
Key Terms
Synthetic Option Scheme, cash-settled synthetic options, vested synthetic options, strike price, +1 more
5 terms
Synthetic Option Scheme financial
"exercised 27,575 vested synthetic options for cash settlement pursuant to 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"
vested synthetic options financial
"the reporting person exercised 27,575 vested synthetic options for cash settlement"
strike price financial
"less the strike price of $20.75 per synthetic share option"
The strike price is the fixed price at which an option gives its holder the right to buy or sell an underlying stock. Think of it like a coupon that lets you transact at a pre-agreed price regardless of the market; for investors it determines whether an option will be profitable, influences potential gains or losses, and is a key factor in the option’s market value and risk profile.
cash settlement value financial
"The cash settlement value was determined based on the closing price"
FAQ
What did FLNG CEO Foss Halfdan Marius report in this Form 4?
He reported exercising 27,575 vested cash-settled synthetic options on August 20, 2026 under Flex LNG Ltd.'s Synthetic Option Scheme, receiving a cash settlement and no new ordinary shares were issued.
What prices determined the cash settlement in the FLNG CEO’s option exercise?
The cash settlement was based on the $32.48 closing price of Flex LNG’s ordinary shares on August 19, 2026, less the $20.75 strike price per synthetic share option, as adjusted under the Synthetic Option Scheme.
How many synthetic options does the FLNG CEO hold after this transaction?
After the reported exercise, Foss Halfdan Marius held 167,042 synthetic options, according to the filing, all of which are cash-settled and do not represent rights to acquire ordinary shares of Flex LNG Ltd.
How do the FLNG CEO’s synthetic options vest under the scheme?
The tranche exercised consisted of 27,575 synthetic options granted June 24, 2025, which all vested on June 24, 2026. Options under the scheme vest over three years in one‑third increments on June 24, 2026, 2027, and 2028.
When do the reported FLNG synthetic options expire?
The derivative line shows an expiration date of June 24, 2030 for the reported cash-settled synthetic options held by the CEO under Flex LNG Ltd.'s Synthetic Option Scheme.
AI-generated analysis. How Rhea-AI works. Not financial advice.
