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DIRS - Flex LNG - Announces Long-term Incentive Plan

Company: Flex LNG Date: 2025-06-24 Language: English Register to download

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 Flex LNG - Announces Long-term Incentive Plan

# Flex LNG - Announces Long-term Incentive Plan

June 24, 2025  

Hamilton, Bermuda  

  

The Board of Directors of Flex LNG Ltd ("Flex LNG" or the "Company") has  

approved a long-term 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 the date of exercise. The synthetic options have been granted  

according to the rules of the Company's synthetic option scheme approved by the  

Board of Directors of the Company.  

  

Please see the attached forms of notification of transactions by primary  

insiders for the granting of the synthetic options.  

  

This information is subject to the disclosure requirements pursuant to article  

19 of Regulation EU 596/2014 (MAR) and section 5-12 of the Norwegian Securities  

Trading Act.  

  

The Board of Directors  

Flex LNG Ltd