Omega Flex (OFLX) president converts phantom stock, disposes 494 shares to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Omega Flex, Inc. President and director Edwin B. Moran reported several transactions involving 494 units of phantom stock and 494 shares of common stock on February 22, 2026. He exercised 494 units of phantom stock, each economically equivalent to one share and settled for cash on a one-for-one basis, into 494 shares of common stock at $0.00 per share. Those 494 common shares were then disposed of back to the issuer at $37.55 per share, leaving no directly held shares from this block. Separately, an equivalent of 405 common shares is reported as held indirectly through the company’s 401(k) plan based on a December 31, 2025 statement.
Positive
- None.
Negative
- None.
Insider Trade Summary
494 shares exercised/converted
Mixed
4 txns
Insider
Moran Edwin B.
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 494 | $0.00 | -- |
| Exercise | Common Stock | 494 | $0.00 | -- |
| Disposition | Common Stock | 494 | $37.55 | $19K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 0 shares (Direct);
Common Stock — 494 shares (Direct);
Common Stock — 405 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 Edwin B. Moran?
Omega Flex reported that President Edwin B. Moran exercised 494 phantom stock units into 494 common shares at $0.00 and then disposed of those 494 shares back to the issuer at $37.55 per share on February 22, 2026.
What is the phantom stock referenced in the Omega Flex (OFLX) Form 4?
Each unit of phantom stock is the economic equivalent of one Omega Flex common share and is settled for cash on a one-for-one basis. In this filing, 494 phantom stock units were exercised into 494 common shares before being disposed back to the issuer.
How is the Omega Flex (OFLX) 401(k) plan position reported in the Form 4?
The filing shows an indirect holding labeled as a company stock fund in Omega Flex’s 401(k) plan, with an equivalent balance of 405 common shares. This amount is based on a December 31, 2025 plan statement and is reported as indirect ownership.