Omega Flex, Inc. Phantom Stock Agreements Schedule for Directors and Officers (as of December 31, 2020)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document lists phantom stock awards granted by Omega Flex, Inc. to its directors and officers as of December 31, 2020. It details the number of phantom shares, grant dates, grant prices, maturity dates, and vesting schedules for each recipient. The awards vest over three years and mature on specified dates, providing recipients with cash payments based on the value of company stock, rather than actual shares. The agreement outlines key terms for each participant, including the timing and value of their phantom stock awards.

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EX-10.17 3 ex10-17.htm

 

EXHIBIT 10.17

 

OMEGA FLEX, INC.

Phantom Stock Agreements

Schedule of Directors and Officers

As of December 31, 2020

 

Director/Officer  Type  Number  Grant Date  Grant Price   Maturity Date  Vesting Schedule
                    
Dean W. Rivest  Full  1,200  02/14/2017  $44.23   02/14/2021  3 years
   Full  1,000  02/12/2018  $55.60   02/12/2022  3 years
   Full  930  02/15/2019  $65.40   02/15/2023  3 years
   Full  750  02/28/2020  $78.30   02/28/2024  3 years
                     
Paul J. Kane  Full  1,200  02/14/2017  $44.23   02/14/2021  3 years
   Full  1,000  02/12/2018  $55.60   02/12/2022  3 years
   Full  930  02/15/2019  $65.40   02/15/2023  3 years
   Full  750  02/28/2020  $78.30   02/28/2024  3 years
                     
Edwin B. Moran  Full  1,200  02/14/2017  $44.23   02/14/2021  3 years
   Full  1,000  02/12/2018  $55.60   02/12/2022  3 years
   Full  930  02/15/2019  $65.40   02/15/2023  3 years
   Full  750  02/28/2020  $78.30   02/28/2024  3 years
                     
Steven A. Treichel  Full  2,000  02/14/2017  $44.23   02/14/2021  3 years
   Full  1,500  02/12/2018  $55.60   02/12/2022  3 years
   Full  1,400  02/15/2019  $65.40   02/15/2023  3 years
   Full  1,125  02/28/2020  $78.30   02/28/2024  3 years
                     
Timothy P. Scanlan  Full  1,200  02/14/2017  $44.23   02/14/2021  3 years
   Full  1,000  02/12/2018  $55.60   02/12/2022  3 years
   Full  930  02/15/2019  $65.40   02/15/2023  3 years
   Full  750  02/28/2020  $78.30   02/28/2024  3 years
                     
James Hockenberry  Full  475  02/14/2017  $44.23   02/14/2021  3 years
   Full  475  02/12/2018  $55.60   02/12/2022  3 years
   Full  465  02/15/2019  $65.40   02/15/2023  3 years
   Full  375  02/28/2020  $78.30   02/28/2024  3 years
                     
Robert Haines  Full  475  02/14/2017  $44.23   02/14/2021  3 years
   Full  475  02/12/2018  $55.60   02/12/2022  3 years
   Full  465  02/15/2019  $65.40   02/15/2023  3 years
   Full  375  02/28/2020  $78.30   02/28/2024  3 years