Omega Flex, Inc. Phantom Stock Agreements Schedule for Directors and Officers (as of December 31, 2019)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Omega Flex, Inc. has granted phantom stock awards to its directors and officers, including Dean W. Rivest, Paul J. Kane, Edwin B. Moran, Steven A. Treichel, Timothy P. Scanlan, Steven Hockenberry, and Robert Haines. Each award specifies the number of phantom shares, grant date, grant price, maturity date, and a three-year vesting schedule. The agreements provide recipients with the right to receive cash or equivalent value based on the company's stock price at maturity, subject to vesting and other conditions.

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EX-10.17 5 ex10-17.htm

 

EXHIBIT 10.17

 

OMEGA FLEX, INC.

Phantom Stock Agreements

Schedule of Directors and Officers

As of December 31, 2019

 

Director/Officer  Type   Number  Grant Date  Grant Price   Maturity Date  Vesting Schedule
                     
Dean W. Rivest   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
    Full   930  02/15/2019  $65.40   02/15/2023  3 years
                       
Paul J. Kane   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
    Full   930  02/15/2019  $65.40   02/15/2023  3 years
                       
Edwin B. Moran   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
    Full   930  02/15/2019  $65.40   02/15/2023  3 years
                       
Steven A. Treichel   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
    Full   1,400  02/15/2019  $65.40   02/15/2023  3 years
                       
Timothy P. Scanlan   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
    Full   930  02/15/2019  $65.40   02/15/2023  3 years
                       
Steven Hockenberry   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
    Full   465  02/15/2019  $65.40   02/15/2023  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