Dean W. Rivest - 28 Feb 2024 Form 4 Insider Report for Omega Flex, Inc. (OFLX)

Role
Chief Executive Officer, Director
Signature
Susan B. Asch, Attorney-in-fact
Issuer symbol
OFLX
Transactions as of
28 Feb 2024
Net transactions value
-$52,942
Form type
4
Filing time
29 Feb 2024, 10:06:46 UTC
Previous filing
09 Mar 2023
Next filing
21 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFLX Common Stock Options Exercise +750 750 28 Feb 2024 Direct F1
transaction OFLX Common Stock Disposed to Issuer $52,942 -750 -100% $70.59 0 28 Feb 2024 Direct
holding OFLX Common Stock 1,710 28 Feb 2024 401(k) plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OFLX Phantom Stock Options Exercise -750 -100% 0 28 Feb 2024 Common Stock 750 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of phantom stock is the economic equivalent of one share of the issuer's common stock. These units are settled for cash on a one-for-one basis.
F2 Equivalent share balance held in company stock fund in Issuer's 401(k) plan, based on statement of 12/31/2023.