Omega Flex, Inc. Phantom Stock Agreements Schedule for Executive Officers (as of December 31, 2023)

Summary

This document lists phantom stock agreements granted by Omega Flex, Inc. to its executive officers, Edwin B. Moran, Dean W. Rivest, and Matthew F. Unger. It details the number of phantom stock units awarded, grant dates, grant prices, maturity dates, and vesting schedules. Each grant vests over three years, with maturity dates ranging from 2024 to 2027. The agreements provide executives with the right to receive cash or stock equivalent to the value of the phantom shares upon vesting and maturity, subject to the terms specified.

EX-10.18 3 ex10-18.htm

 

EXHIBIT 10.18

 

OMEGA FLEX, INC.

Phantom Stock Agreements

Schedule of Executive Officers

As of December 31, 2023

 

Director/Officer  Type   Number   Grant Date  Grant Price   Maturity Date  Vesting Schedule
                      
Edwin B. Moran   Full    750   02/28/2020  $78.30   02/28/2024  3 years
    Full    402   02/18/2021  $149.92   02/18/2025  3 years
    Full    494   02/22/2022  $151.90   02/22/2026  3 years
    Full    667   03/08/2023  $112.39   03/08/2027  3 years
                         
Dean W. Rivest   Full    750   02/28/2020  $78.30   02/28/2024  3 years
    Full    603   02/18/2021  $149.92   02/18/2025  3 years
    Full    593   02/22/2022  $151.90   02/22/2026  3 years
    Full    801   03/08/2023  $112.39   03/08/2027  3 years
                         
Matthew F. Unger   Full    395   02/22/2022  $151.90   02/22/2026  3 years
    Full    534   03/08/2023  $112.39   03/08/2027  3 years