Flex LNG Ltd, the liquefied natural gas shipping company based in Bermuda, has received trade notifications from two executives who discharge managerial responsibilities at Flex LNG Management AS, its Norwegian-based subsidiary.

Chief executive Øystein Kalleklev has exercised 87,500 options and subsequently sold 87,500 shares on the New York Stock Exchange for an average price of $25.17 per share.

Following the sale, Mr Kalleklev owns 50,000 common shares and has 100,000 share options in Flex LNG Ltd.

CFO Knut Traaholt has exercised 42,000 options and subsequently sold 42,000 shares on the New York Stock Exchange for an average price of $25.17 per share.

Following the sale, Mr Traaholt has 48,000 share options in Flex LNG Ltd.

In both cases, the activity took place on April 15-16.