Omega Flex (OFLX) CEO exercises phantom stock, disposes 593 shares to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Omega Flex, Inc. chief executive officer Dean W. Rivest reported several transactions involving company-related equity on February 22, 2026. He exercised 593 units of Phantom Stock, which are economically equivalent to common shares and are settled for cash on a one-for-one basis, into 593 shares of common stock at $0.00 per share. He then disposed of 593 common shares back to the issuer at $37.55 per share in a transaction coded as a disposition to the issuer. Separately, an equivalent of 2,487 common shares is held indirectly in the company stock fund within the issuer's 401(k) plan, based on a statement as of December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
593 shares exercised/converted
Mixed
4 txns
Insider
Rivest Dean W.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 593 | $0.00 | -- |
| Exercise | Common Stock | 593 | $0.00 | -- |
| Disposition | Common Stock | 593 | $37.55 | $22K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 0 shares (Direct);
Common Stock — 593 shares (Direct);
Common Stock — 2,487 shares (Indirect, 401(k) plan)
Footnotes (1)
- Each unit of phantom stock is the economic equivalent of one share of the Issuer's common stock. These units are settled for cash on a one-for-one basis. Equivalent share balance held in company stock fund in Issuer's 401(k) plan, based on statement of 12/31/2025
FAQ
What insider transactions did Omega Flex (OFLX) report for Dean W. Rivest?
Dean W. Rivest exercised 593 units of Phantom Stock into 593 shares of Omega Flex common stock at $0.00 per share, then disposed of 593 common shares back to the issuer at $37.55 per share on February 22, 2026.
What is the Phantom Stock transaction reported for Omega Flex (OFLX)?
The filing shows 593 units of Phantom Stock exercised on February 22, 2026. Each unit is economically equivalent to one share of Omega Flex common stock and is settled for cash on a one-for-one basis, resulting in 593 common shares at $0.00 per share.
What are Dean W. Rivest’s direct Omega Flex (OFLX) holdings after these transactions?
After exercising 593 Phantom Stock units into common stock and then disposing of 593 common shares to the issuer, Dean W. Rivest reported zero directly held common shares from these specific transactions, based on the totals following the disposition.
What indirect Omega Flex (OFLX) holdings are reported for Dean W. Rivest?
The filing reports an indirect holding equivalent to 2,487 Omega Flex common shares in the company stock fund of the issuer's 401(k) plan, based on a plan statement dated December 31, 2025. This reflects retirement-plan exposure rather than directly held shares.
What role does Dean W. Rivest hold at Omega Flex (OFLX) in this Form 4 filing?
Dean W. Rivest is identified as both a director and an officer of Omega Flex, serving as Chief Executive Officer. The Form 4 reports his transactions in Phantom Stock units and common shares in his capacity as a reporting person under insider ownership rules.