Omega Flex (OFLX) CFO awarded 1,641 phantom stock units as derivative pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Omega Flex, Inc. reported that its Vice President and CFO, Matthew Francis Unger, acquired 1,641 units of phantom stock through a grant or award. Each phantom stock unit is the economic equivalent of one share of Omega Flex common stock, giving him 1,641 units outstanding after this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Unger Matthew Francis
Role
Vice President - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,641 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 1,641 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Omega Flex (OFLX) report in this Form 4?
Omega Flex reported that Vice President and CFO Matthew Francis Unger received a grant of 1,641 phantom stock units. These units are economically equivalent to common shares and increase his derivative-based compensation position with the company.
How many phantom stock units did the Omega Flex (OFLX) CFO receive?
The Omega Flex CFO, Matthew Francis Unger, received 1,641 phantom stock units in this transaction. After the grant, his total phantom stock holdings reported in this filing are 1,641 units, reflecting the full amount of the new award.
At what price were the Omega Flex (OFLX) phantom stock units granted?
The 1,641 phantom stock units were granted at a reported price of $0.0000 per unit. This indicates they were issued as a compensation award rather than purchased in an open-market or cash transaction by the executive.
What does phantom stock mean in the Omega Flex (OFLX) Form 4 filing?
In this filing, each unit of phantom stock is the economic equivalent of one Omega Flex common share. That means the value of the phantom units tracks the company’s stock, typically used as a form of deferred or incentive compensation.
Did the Omega Flex (OFLX) CFO buy or sell common stock in this Form 4?
The Form 4 shows no open-market buys or sells of common stock by the CFO. Instead, it records an acquisition of 1,641 phantom stock units as a grant or award, classified as a derivative security transaction.
Is the Omega Flex (OFLX) phantom stock grant to the CFO a direct holding?
Yes. The filing classifies the 1,641 phantom stock units as directly held by Matthew Francis Unger. The ownership code is marked as direct, and no footnotes shift ownership to another entity or trust.