Foss Halfdan Marius 4

What Happened
Foss Halfdan Marius, CEO of Flex LNG Ltd. (FLNG), received a grant of 111,893 cash‑settled synthetic options on June 25, 2026. The grant was made at no cost to the insider (acquisition price reported as $0.00). The options carry an initial exercise price of $30.00 per option and will expire on June 24, 2031. This is an award (not a stock purchase or sale), so it does not by itself signal buying or selling of company stock.

Key Details

• Transaction date reported: 2026-06-25; Form 4 filed 2026-06-26.
• Grant amount: 111,893 synthetic options; acquisition price: $0.00 (no cash paid).
• Initial exercise price: $30.00 per option (subject to adjustment under the plan).
• Vesting: three equal annual installments on 2027-06-24, 2028-06-24, and 2029-06-24.
• Expiration: June 24, 2031.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: (1) Board approved the grant on June 23, 2026; (2) no consideration paid; (3) options are cash‑settled synthetic options and do not grant a right to acquire ordinary shares.
• Filing timeliness: Reported the day after the transaction (no late filing indicated).

Context
These are derivative awards that are cash‑settled—meaning they entitle the holder to a cash payment tied to option value at exercise rather than to receive company shares. Vesting spreads potential benefit over three years; the exercise price sets the threshold for value (above $30.00) but actual payout depends on future company stock performance and plan adjustment provisions. As an award (code A), this is a compensation grant rather than an open‑market purchase or sale.