Asch Susan B. 4
Research Summary
AI-generated summary
Omega Flex (OFLX) VP Susan Asch Receives 820-Unit Phantom Award
What Happened
- Susan B. Asch, Vice President, General Counsel and Secretary of Omega Flex, was granted 820 units of phantom stock (reported as a derivative acquisition) on 2026-02-18. The filing reports an acquisition price of $0.00 for the 820 units (total reported value $0). This was an award/grant (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-19 (timely).
- Transaction type/code: Award/Grant (A); 820 units acquired @ $0.00 (derivative).
- Shares owned after transaction: Not specified in the filing.
- Footnote: Each phantom stock unit is the economic equivalent of one share of the issuer’s common stock (F1).
- Filing timeliness: Reported promptly (no late filing indicated).
Context
- Phantom stock units are a form of compensation that mirror the economic value of common shares; they are derivative awards and do not represent an open-market purchase signal. Such grants are routine as part of executive compensation and do not, by themselves, indicate insider buying or selling intent.