Omega Flex (OFLX) CEO Dean Rivest receives 2,461 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Omega Flex, Inc. reported that Chief Executive Officer and director Dean W. Rivest acquired a grant of 2,461 units of phantom stock on February 18, 2026. The award was recorded at a price of $0.00 per unit, indicating it was a compensation grant rather than an open-market purchase.
Each unit of phantom stock is the economic equivalent of one share of Omega Flex common stock, giving the CEO value tied to the company’s share performance without issuing actual shares at this time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rivest Dean W.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 2,461 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 2,461 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Omega Flex (OFLX) disclose for Dean W. Rivest?
Omega Flex disclosed that CEO and director Dean W. Rivest received a grant of 2,461 units of phantom stock. The grant was dated February 18, 2026 and recorded at a price of $0.00 per unit as a compensation award.
How many phantom stock units did the Omega Flex (OFLX) CEO receive?
Dean W. Rivest received 2,461 units of phantom stock. After this grant, his reported holdings in this derivative security total 2,461 units, reflecting the full amount of the new award shown in the insider filing.
What is phantom stock in the Omega Flex (OFLX) Form 4 filing?
In the Omega Flex filing, each unit of phantom stock is the economic equivalent of one share of common stock. This means the value of the units tracks the company’s common shares, but they are structured as a derivative compensation instrument.
Was cash paid for the Omega Flex (OFLX) phantom stock grant to the CEO?
No cash was paid for the phantom stock grant, as the transaction price per unit is reported as $0.00. This indicates the 2,461 units were awarded as a compensation grant rather than purchased in the open market.
How is ownership of the Omega Flex (OFLX) phantom stock reported for the CEO?
The phantom stock units are reported as directly owned by Dean W. Rivest. The filing lists his ownership type as direct, with 2,461 derivative securities held following the reported grant transaction on February 18, 2026.