Traaholt Knut 4

What Happened

• Knut Traaholt, Chief Financial Officer of Flex LNG Ltd. (FLNG), was granted 83,919 cash‑settled synthetic options (reported as a derivative award) on a transaction dated June 25, 2026. The grant is reported at $0 acquisition cost to the insider. The options carry an initial exercise price of $30.00 per option (subject to adjustment).

Key Details

• Transaction type: A = Award/Grant (derivative, cash‑settled synthetic options)
• Grant approval date: June 23, 2026; Reported transaction date: June 25, 2026
• Quantity: 83,919 synthetic options; Reported acquisition amount: $0
• Vesting: in three equal annual installments on June 24, 2027; June 24, 2028; June 24, 2029
• Expiration: June 24, 2031
• Exercise price: $30.00 per option (subject to scheme adjustments)
• Shares owned after transaction: not specified in the filing
• Timeliness: filing appears timely (filed June 26, 2026); no late filing indicated
• Footnote summary: options are cash‑settled synthetic options and do not represent a direct right to acquire ordinary shares

Context

• This is a compensation grant (award), not an open‑market purchase or sale. Because the award is cash‑settled, it does not automatically convert into shares — payout (if any) will depend on the plan terms and any future settlement mechanics and the company's share price relative to the exercise price. Awards are common executive compensation and do not, by themselves, imply a buy or sell signal.