Omega Flex (OFLX) CFO exercises phantom stock and disposes 395 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Omega Flex Vice President and CFO Matthew Francis Unger reported a set of transactions involving phantom stock and common shares. He exercised 395 units of phantom stock, each economically equivalent to one share of common stock and settled on a one-for-one basis. This exercise corresponded to 395 shares of common stock at a stated price of $0.0000 per share. On the same date, he disposed of 395 shares of common stock to the issuer at $37.55 per share, resulting in 0 shares of common stock held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
395 shares exercised/converted
Mixed
3 txns
Insider
Unger Matthew Francis
Role
Vice President - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 395 | $0.00 | -- |
| Exercise | Common Stock | 395 | $0.00 | -- |
| Disposition | Common Stock | 395 | $37.55 | $15K |
Holdings After Transaction:
Phantom Stock — 0 shares (Direct);
Common Stock — 395 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Omega Flex (OFLX) report for Matthew Francis Unger?
Omega Flex reported that CFO Matthew Francis Unger exercised 395 phantom stock units into the economic equivalent of common stock, then disposed of 395 common shares back to the issuer at $37.55 per share on the same date.
What is the nature of the phantom stock reported by Omega Flex (OFLX)?
The filing states each unit of phantom stock is the economic equivalent of one share of Omega Flex common stock and is settled for cash on a one-for-one basis, linking its value directly to the common share price.
Were the Omega Flex (OFLX) CFO’s transactions open-market buys or sells?
No. The Form 4 codes show an exercise or conversion of a derivative security (code M) and a disposition to the issuer (code D), rather than open-market purchases or sales on a stock exchange.
What transaction prices are reported in the Omega Flex (OFLX) Form 4?
The exercise of 395 phantom stock units and related common stock is reported at $0.0000 per share, while the disposition of 395 common shares back to the issuer is reported at $37.55 per share.
Who is the insider involved in the latest Omega Flex (OFLX) Form 4 filing?
The insider is Matthew Francis Unger, identified in the filing as Vice President - CFO of Omega Flex, Inc. He is reported as having direct ownership for the transactions disclosed in this Form 4.