Omega Flex, Inc. Phantom Stock Agreements Schedule for Directors and Officers (as of December 31, 2021)

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, 2021. 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 the value of the shares at maturity. The agreement outlines key terms for each participant, including Dean W. Rivest, Edwin B. Moran, Timothy P. Scanlan, James Hockenberry, Robert Haines, and Geraldine Glazer.

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EX-10.16 3 ex10-16.htm

 

EXHIBIT 10.16

 

OMEGA FLEX, INC.

Phantom Stock Agreements

Schedule of Directors and Officers

As of December 31, 2021

 

Director/Officer  Type   Number   Grant Date  Grant Price   Maturity Date  Vesting Schedule
                      
Dean W. Rivest   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
    Full    603   02/18/2021  $149.92   02/18/2025  3 years
                         
Edwin B. Moran   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
    Full    402   02/18/2021  $149.92   02/18/2025  3 years
                         
Timothy P. Scanlan   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
    Full    402   02/18/2021  $149.92   02/18/2025  3 years
                         
James Hockenberry   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
    Full    201   02/18/2021  $149.92   02/18/2025  3 years
                         
Robert Haines   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
    Full    201   02/18/2021  $149.92   02/18/2025  3 years
                         
Geraldine Glazer   Full    201   02/18/2021  $149.92   02/18/2025  3 years