OmegaFlex, Inc. Phantom Stock Agreements Schedule for Directors and Officers as of December 31, 2018

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document lists the phantom stock awards granted by OmegaFlex, Inc. to its directors and officers as of December 31, 2018. It details the recipients, number of phantom shares, grant dates, grant prices, maturity dates, and vesting schedules. The awards vest over three years and mature on specified dates, providing recipients with cash payments based on the value of company stock at maturity. The agreement outlines the company's commitment to compensate key personnel through these phantom stock grants, subject to the vesting and maturity conditions.

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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, 2018

 

Director/Officer  Type  Number  Grant Date  Grant Price   Maturity Date  Vesting Schedule
                    
Dean W. Rivest  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
   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
                     
Paul J. Kane  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
   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
                     
Edwin B. Moran  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
   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
                     
Steven A. Treichel  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
   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
                     
Timothy P. Scanlan  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
   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
                     
Steven Hockenberry  Full  710  02/16/2015  $31.26   02/16/2019  3 years
   Full  710  02/16/2016  $33.02   02/16/2020  3 years
   Full  475  02/14/2017  $44.23   02/14/2021  3 years
   Full  475  02/12/2018  $55.60   02/12/2022  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