Omega Flex, Inc. Schedule of Phantom Stock Agreements for Directors and Officers (2012–2015)
This document lists phantom stock awards granted by Omega Flex, Inc. to its directors and officers as of December 31, 2015. It details the recipients, grant dates, number of shares, grant prices, maturity dates, and vesting schedules. The awards vest over three years and are intended as stock-based compensation, providing recipients with the value of company shares without actual stock ownership. The agreement outlines key terms for each grant, including when recipients can receive the value of their phantom shares.
| EXHIBIT 10.16 | |||||
OMEGA FLEX, INC. |
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Phantom Stock Agreements |
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Schedule of Directors and Officers |
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As of December 31, 2015 |
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Director/Officer | Type | Number | Grant Date | Grant Price | Maturity Date | Vesting Schedule |
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Dean W. Rivest | Full | 1,500 | 02/16/2012 | $16.68 | 02/16/2016 | 3 years |
| Full | 1,500 | 04/03/2013 | $15.01 | 03/03/2017 | 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 |
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Paul J. Kane | Full | 1,500 | 02/16/2012 | $16.68 | 02/16/2016 | 3 years |
| Full | 1,500 | 04/03/2013 | $15.01 | 03/03/2017 | 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 |
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Edwin B. Moran | Full | 1,500 | 02/16/2012 | $16.68 | 02/16/2016 | 3 years |
| Full | 1,500 | 04/03/2013 | $15.01 | 03/03/2017 | 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 |
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Steven A. Treichel | Full | 2,100 | 02/16/2012 | $16.68 | 02/16/2016 | 3 years |
| Full | 2,100 | 04/03/2013 | $15.01 | 03/03/2017 | 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 |
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Timothy P. Scanlan | Full | 1,500 | 02/16/2012 | $16.68 | 02/16/2016 | 3 years |
| Full | 1,500 | 04/03/2013 | $15.01 | 03/03/2017 | 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 |
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Steven Hockenberry | Full | 590 | 02/16/2012 | $16.68 | 02/16/2016 | 3 years |
| Full | 590 | 04/03/2013 | $15.01 | 03/03/2017 | 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 |
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