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Flex LNG - Announces Long-term Incentive Plan

1. Flex LNG grants 187,142 synthetic options to management and employees. 2. Options vest over three years, expiring June 2026-2028. 3. Exercise price set at USD 23.75, adjusted for dividends. 4. CEO and CFO options capped at twice their annual salary. 5. Synthetic options settle in cash based on market price.

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FAQ

Why Bullish?

Issuing synthetic options usually indicates confidence in future performance, which can buoy stock prices, similar to past instances when companies granted incentives before significant growth periods.

How important is it?

The LTIP reflects confidence in management and may enhance employee retention, potentially leading to improved company performance and positively impacting stock prices over time.

Why Long Term?

Given the multi-year vesting period, positive financial impacts may manifest over several years, aligning with the strategic initiatives of the company.

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LNGGFLNGKOSFLNG
, /PRNewswire/ -- The Board of Directors of Flex LNG Ltd ("Flex LNG" or the "Company") has approved a long-term incentive plan (the "LTIP") and hereby announces that up to 187,142 synthetic options have today been granted to management and employees of the Company. The synthetic options will have a five-year term expiring June 24, 2030, and will vest over a three-year vesting period as follows: * 1/3 of the synthetic options will vest on June 24, 2026 * 1/3 of the synthetic options will vest on June 24, 2027 * 1/3 of the synthetic options will vest on June 24, 2028 The exercise price of the synthetic options is USD 23.75. The exercise price will further be adjusted for any distribution of dividends made before the relevant synthetic options are exercised. The synthetic options granted to the CEO and the CFO are subject to a cap on maximum annual gain equal to two times the annual base salary at the time of exercise of the synthetic options. The synthetic options will be settled in cash based on the difference between the market price of the Company's shares and the exercise price on the date of exercise. The synthetic options have been granted according to the rules of the Company's synthetic option scheme approved by the Board of Directors of the Company. Please see the attached forms of notification of transactions by primary insiders for the granting of the synthetic options. This information is subject to the disclosure requirements pursuant to article 19 of Regulation EU 596/2014 (MAR) and section 5-12 of the Norwegian Securities Trading Act. The Board of Directors Flex LNG Ltd  This information was brought to you by Cision http://news.cision.com https://news.cision.com/flex-lng/r/flex-lng---announces-long-term-incentive-plan,c4168212 The following files are available for download: SOURCE Flex LNG WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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