Omega Flex, Inc. Phantom Stock Agreements Schedule for Directors and Officers (2013–2016 Grants)

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, 2016. It details the recipients, grant dates, number of phantom shares, grant prices, maturity dates, and vesting schedules. The awards are set to vest over three years, with specific maturity dates ranging from 2017 to 2020. The agreement outlines the company's commitment to provide cash or equivalent value based on the performance of its stock, rather than actual shares, as a form of long-term incentive compensation.

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EX-10.16 2 ex10-16.htm

 

EXHIBIT 10.16

 

OMEGA FLEX, INC.

Phantom Stock Agreements

Schedule of Directors and Officers

As of December 31, 2016

 

Director/Officer  Type  Number   Grant Date  Grant Price   Maturity Date  Vesting Schedule
                     
Dean W. Rivest  Full   1,500   04/03/2013  $15.01   04/03/2017  3 years
   Full   1,800   02/19/2014  $20.20   02/19/2018  3 years
   Full   1,800   02/16/2015  $31.26   02/16/2019  3 years
   Full   1,800   02/16/2016  $33.02   02/16/2020  3 years
                       
Paul J. Kane  Full   1,500   04/03/2013  $15.01   04/03/2017  3 years
   Full   1,800   02/19/2014  $20.20   02/19/2018  3 years
   Full   1,800   02/16/2015  $31.26   02/16/2019  3 years
   Full   1,800   02/16/2016  $33.02   02/16/2020  3 years
                       
Edwin B. Moran  Full   1,500   04/03/2013  $15.01   04/03/2017  3 years
   Full   1,800   02/19/2014  $20.20   02/19/2018  3 years
   Full   1,800   02/16/2015  $31.26   02/16/2019  3 years
   Full   1,800   02/16/2016  $33.02   02/16/2020  3 years
                       
Steven A. Treichel  Full   2,100   04/03/2013  $15.01   04/03/2017  3 years
   Full   2,550   02/19/2014  $20.20   02/19/2018  3 years
   Full   2,550   02/16/2015  $31.26   02/16/2019  3 years
   Full   2,550   02/16/2016  $33.02   02/16/2020  3 years
                       
Timothy P. Scanlan  Full   1,500   04/03/2013  $15.01   04/03/2017  3 years
   Full   1,800   02/19/2014  $20.20   02/19/2018  3 years
   Full   1,800   02/16/2015  $31.26   02/16/2019  3 years
   Full   1,800   02/16/2016  $33.02   02/16/2020  3 years
                       
Steven Hockenberry  Full   590   04/03/2013  $15.01   04/03/2017  3 years
   Full   710   02/19/2014  $20.20   02/19/2018  3 years
   Full   710   02/16/2015  $31.26   02/16/2019  3 years
   Full   710   02/16/2016  $33.02   02/16/2020  3 years