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0 0 0.00104493207941493 0.00188087774294678 -0.000208986415882926 0.00453082549634272 0.00273772204806688 -0.000626959247648927
Stock impact report

Flex LNG - Announces Long-term Incentive Plan [Yahoo! Finance]

FLEX LNG Ltd. Ordinary Shares (FLNG) 
Company Research Source: Yahoo! Finance
incentive plan (the "LTIP") and hereby announces that up to 187,142 synthetic options have today been granted to management and employees of the Company. The synthetic options will have a five-year term expiring June 24, 2030 , and will vest over a three-year vesting period as follows: * 1/3 of the synthetic options will vest on June 24, 2026 * 1/3 of the synthetic options will vest on June 24, 2027 * 1/3 of the synthetic options will vest on June 24, 2028 The exercise price of the synthetic options is USD 23.75 . The exercise price will further be adjusted for any distribution of dividends made before the relevant synthetic options are exercised. The synthetic options granted to the CEO and the CFO are subject to a cap on maximum annual gain equal to two times the annual base salary at the time of exercise of the synthetic options. The synthetic options will be settled in cash based on the difference between the market price of the Company's shares and the exercise price on Show less Read more
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