Omega Flex (OFLX) VP receives grant of 820 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Omega Flex, Inc. reported that VP, General Counsel and Secretary Susan B. Asch acquired 820 units of phantom stock in a grant classified as a derivative award. The units were granted at a price of $0.00 per unit and increased her direct holdings of phantom stock to 820 units.
Each unit of phantom stock is the economic equivalent of one share of Omega Flex common stock, giving her compensation tied to the company’s share value without issuing actual shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Asch Susan B.
Role
VP, General Counsel, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 820 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 820 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Omega Flex (OFLX) report for Susan B. Asch?
Omega Flex reported that Susan B. Asch received a grant of 820 phantom stock units. The award was recorded at a price of $0.00 per unit, reflecting non-cash, stock-based compensation linked to Omega Flex’s common stock value.
What is phantom stock in the Omega Flex (OFLX) Form 4 filing?
In this filing, Omega Flex states each phantom stock unit equals one share economically. That means the value of the 820 units tracks Omega Flex common stock, providing stock-based compensation without issuing actual shares at the grant date.
How many phantom stock units does Susan B. Asch hold after this Omega Flex grant?
After the reported grant, Susan B. Asch holds 820 phantom stock units directly. The Form 4 lists this as the total units following the transaction, indicating all currently reported phantom stock holdings come from this latest award.
What role does Susan B. Asch hold at Omega Flex (OFLX)?
Susan B. Asch is identified as Vice President, General Counsel, and Secretary of Omega Flex. The phantom stock grant reported in the Form 4 represents part of her equity-based compensation as a senior executive at the company.
Was the Omega Flex phantom stock grant to Susan B. Asch a purchase or an award?
The transaction is classified as a grant, award, or other acquisition with code “A,” not an open-market purchase. Omega Flex reports that the 820 phantom stock units were awarded at $0.00 per unit as compensation.